Open Space Committee
Pelham, New Hampshire
Bargain Sale of Land
If you need to realize some immediate income from you land, yet would like the property to go to a land trust, a bargain sale might be the answer. In a bargain sale, you sell the land for less than its fair market value. This not only makes it more affordable for the land trust, but offers several benefits to you: it provides cash, avoids some capital gains tax, and entitles you to a charitable income tax deduction based on the difference between the land's fair market value and its sale price.