Tax Incentives for Land Conservation

Preserving the land you love can also provide a tax benefit for your family. By donating a conservation easement, you may reduce estate or income taxes while passing your land on to the next generation. A conservation easement, also called a conservation agreement, also allows you to maintain your private property rights.

In December, 2015, Congress made permanent a federal tax incentive for conservation easement donations. If you own land with important natural or historic resources, donating a voluntary conservation easement may help you maintain your private property rights while realizing significant tax benefits.

Some families are interested in the tax savings associated with conserving land, so they purchase land with this objective in mind.

A conservation easement is a legal agreement between a landowner and a land trust or government agency that limits uses of the land in order to protect its conservation values. It allows landowners to continue to own and use their land, and they can also sell it or pass it on to heirs.

Please contact Paul Vogel if you’d like more information about tax incentives for land conservation.