Green Horizon can Turn Your Problem Real Estate

into a Tax Savings!

Working through Green Horizon Land Trust, landowners may be able to take advantage of various income, estate or property tax benefits that can help make land conservation affordable.  Unlike government agencies, Green Horizon can act quickly and confidentially to accomplish the objectives of the landowner and still meet its preservation goals for the community.

Owners of HIGHLY APPRECIATED property whose sale would result in a large capital gains tax may benefit from donating the land to Green Horizon Land Trust. The Federal Tax Code allows a deduction of full market value up to 50% of adjusted gross income in the year of the gift and a carry forward of the excess up to an additional five years applied each year up to 50% limit. Corporations may deduct up to 10 per cent of taxable income.

PRESERVATION LAND is property with significant conservation value. The donors of preservation land would be entitled to tax deductions with the added knowledge that their property would be preserved forever. Perhaps the property owner has no heirs or the heir cannot or will not protect it. The estate tax burden may be so great as to require the sale of the property to pay the taxes. Should this happen, the taxpayer loses, the heirs lose and the ecological value of the land may be lost forever.

TRADE LANDS are lands or buildings that have little or no conservation value, but which can be donated to Green Horizon Land Trust to be traded or sold. Donors of Trade Lands would be entitled to the same deduction allowed for Preservation Land. The proceeds are used to further the work of the Trust in acquiring property with significant preservation value for the enjoyment of the people of Florida forever.

NOTE: Consult your financial advisor to determine your tax benefits.