Determination of the Entire Contiguous Parcel

 Valuing Conservation Easements under § 1.170A-14(h)(3) of the Income Tax Regulations This Chief Counsel Advice responds to your request for assistance regarding the valuation of perpetual conservation restrictions, or “conservation easements.” Specifically, you have asked about the application of the “Contiguous Parcel Rule” and the “Enhancement Rule” found in § 1.170A-14(h)(3)(i) of the Income Tax […]

Appraising Conservation and Historic Preservation Easements

This is a new book from the Appraisal Institute. I’m reading it now and it’s very comprehensive! Appraising Conservation and Historic Preservation Easements Richard J. Roddewig, MAI, CRE, FRICS Appraisal Institute Learn the intricacies of the appraisal process as applied to conservation and historic preservation easements! Drawing on legal, regulatory and professional appraisal literature, Appraising […]

Hooray for Hollis

Since 1998, the town of Hollis, New Hampshire has given 50% of the revenue from the Current Use Change Tax to the Hollis Conservation Commission. The thinking was obviously that land was being developed so we should help conserve more land as a balance. Hollis has a very active conservation group and has about 23% […]

VIDEO – The Purposes of a Conservation Easement

Internal Revenue Code Section 170(h) defines when the conveyance of less than all of a person’s interest in real property (e.g., a conservation easement) may still qualify as a charitable donation for tax purposes. A conservation easement is a perpetual restriction, which is granted in perpetuity on the use that may be made of real property exclusively for conservation purposes.