Tax aspects of conservation easements

Abstract

A woodland owner may wish to guarantee that his or her forest land always remains as forest. Persons in this situation sometimes consider placing a conservation easement on the property to achieve that goal. A qualified conservation easement is defined as a transfer of a qualified real property interest means a restriction, granted in perpetuity, on the use that may be made of the property. A conservation easement on woodland can be created by either selling or donating the interest.

Citation

Siegel, William C. 2006. Tax aspects of conservation easements. National woodlands. 29(2): 20-22