Donation or Sale
Many people appreciate the intrinsic value of a natural landscape for its beauty and importance as habitat, arable land, or open space. Some recognize the local significance and heritage values of a parcel, perhaps as a family homestead or other site of particular historical or cultural importance.
Through outright donation or sale of land to RLT or another conservation organization, a landowner may permanently protect it. A charitable donation of land generally affords tax advantages to the donor.
Is donating land right for me? Check out our article explaining the benefits of donation.
Interested in making a donation? Contact our board members to learn more about the process.
Donating or selling land through a Conservation Restriction allows a landowner to maintain ownership of the land but enters into an agreement to extinguish some or all of the development rights of the land forever.
A landowner holds several different types of rights, such as rights of development and rights to natural resources, such as farming, forestry, or outdoor recreation. A Conservation Restriction may permit or may restrict public access to the land.
In the case of a Conservation Restriction donation, the donor may receive a tax deduction for the Conservation Restriction as a charitable gift. Massachusetts may fund the purchase of a Conservation Restriction for land having exceptional natural resource value.
If you are interested in Conservation Restrictions, please contact us today for a complimentary consultation.
Limiting Development. A landowner may protect most of the land while selling or reserving a portion for development.
Bargain Sales. A landowner may sell land or a Conservation Restriction to the Rehoboth Land Trust at a price below the land’s fair market value. In this case, the differential between the market value and the sale price constitutes a tax-deductible charitable contribution.
Bequests. An individual may donate land or a Conservation Restriction through a will, which ensures permanent protection of the land. In addition, the donation may reduce the estate tax burden. The bequest does not occur until the donor’s death.
Reserved Life Estate. A landowner may negotiate a donation or sale of land but reserve the right to occupy and use the property for life. A charitable gift tax deduction may apply.