Selling Land or Easements
For landowners who need to realize some income from their land, yet would like their property to be protected by the Northeast Wilderness Trust as forever wild, a bargain sale might be the answer. In a bargain sale, the landowner sells the land or a conservation easement to the Trust for less than its fair market value. This not only makes it more affordable for the land trust, but offers several benefits to the landowner: it provides cash, avoids some capital gains tax, and may entitle the landowner to a charitable income tax deduction based on the difference between the land or easement’s fair market value and its sale price. Note that because funds for wildland acquisition are very limited, the process is highly competitive.