8 Reasons to Sell a Conservation Easement

8 Reasons to Sell a Conservation Easement8 Reasons to Sell a Conservation Easement

8 Reasons to Sell a Conservation Easement

There are a lot of great reasons to sell a conservation easement on your land. Essentially, a conservation easement is a restriction on future development rights of the land while the landowner still maintains ownership and agricultural use of the land. But what are the benefits of a conservation easement to you as a landowner?

 

1. The landowner maintains control and ownership of the property.
2. The landowner benefits by keeping the land and getting paid for the appreciated value caused by development pressure.
3. The landowner assures the property is protected for future generations.
4. Future generations are assisted in transfer of the land by favorable estate tax treatment.
5. Landowners continue to receive income from their land.
6. Landowners may gain income tax advantages (see details further noted in this booklet).
7. The property may be sold and the restriction travels with the property.
8. Each conservation easement is individually structured to meet the needs of the landowner, along with the conservation criteria, and can be structured broadly or specifically.

To learn more, download our guide:
A Primer on Conservation Easements

If you own natural, undeveloped property that you love and want to preserve for generations, selling a conservation easement is something to consider carefully. Conservation easements protect your land from development that would destroy its natural beauty and ecosystem.

1.The landowner maintains control and ownership of the property.

Conservation Easements provide a way for many families to afford to keep and maintain property for future generations in its natural state.

2.The landowner benefits by keeping the land and getting paid for the appreciated value caused by development pressure.

In Florida, where more than 1,000 people move into the state every day, property values are rising as more land is required for development of homes and other commercial uses. The increase in property value leads to higher taxes, which may create pressure on the landowner to sell. Selling a Conservation Easement offers a way of creating some cash flow for the landowner by selling development rights, but the property itself is still owned by the landowner.

3.The landowner assures the property is protected for future generations.

The conservation easement places restrictions on the properties use and development that are assured even if you do decide to sell the land later. In Florida, the conservation easement is attached to the land in perpetuity, protecting Florida’s natural land for future generations.

4. Future generations benefit in future transfer of the land by favorable estate tax treatment.

A conservation easement may lower the value of a property for estate tax purposes. Click here to learn more about the tax advantages and implications of a conservation easement.

5. Landowners continue to receive income from their land.

Many conservation easements permit continued use of your land for agriculture and ranching. Not only do you maintain ownership of your land, but can continue to receive income from these activities.

6. Landowners may gain income tax advantages.

Landowners may receive income tax advantages including gifting, tax deferred exchanges, and gains used against the basis value. Click here to learn more about the tax advantages and implications of a conservation easement.

7. The property may be sold and the restriction travels with the property.

Because you maintain ownership, you have the right to sell your property even after a conservation easement is obtained. The conservation easement generally remains on the property regardless of new ownership.

8. Each conservation easement is individually structured to meet the needs of the landowner, along with the conservation criteria, and can be structured broadly or specifically.

If you think a conservation easement might be right for you, we recommend working with an expert to assess all the possible benefits and implications specific to your situation.

To learn more:Download Our Guide to Conservation Easements