11/29

Controversial Tax-Advantaged Land Deals in Focus Again

Bloomberg Tax
By Kaustuv Batu
November 29, 2018

The battle over a controversial tax deduction for land preservation is heating up.

The Land Trust Alliance, a conservation group, is reupping efforts to push for a bill curbing deals known as syndicated conservation easements, in which multiple individuals claim a tax deduction for donating property that will be protected from future development under Section 170(h).

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Private investment in conservation permanently protects our nation’s most precious lands for future generations. That’s why we’re working to ensure this practice continues for years to come. ... See MoreSee Less

Conservation easement legislation should encourage taxpayers to protect our environment for generations to come and curb abusive behavior, but S.170 would hinder conservation. Learn more from P4C’s members → ... See MoreSee Less