A charitable gift of real estate is an opportunity to make what could be your largest charitable donation ever. Donating an asset that may otherwise be a burden to remaining family members could also provide special tax-saving benefits.

Some information to consider on real estate gifts:

  • You may earn an income tax charitable deduction, and avoid capital gain tax liability.
  • A special opportunity exists to leave a house or farm to HLA in the future, at your death, and yet receive an income tax charitable deduction now for a large portion of the property‚Äôs value.
  • It may be possible to give the real estate and receive a regular income for life.
  • The real estate gift might otherwise have been a management and disposal headache for you or your loved ones.
  • If you have income-producing real estate you would like to pass on to heirs (or a combination of real estate and a liquid asset), you may be able to pass the real estate to heirs with a significant deduction (sometimes elimination) of gift taxes, through a Charitable Lead Trust. The real estate and any growth in value may pass to heirs estate-tax free.
  • If you, or your business, have income-producing real estate and wish to hold it for long-term growth, you may place the real estate in a Grantor Charitable Lead Trust, and have the income go to HLA for a period of years, earn a large charitable income tax deduction (but pay tax on income as it is received), and then receive the property back at the end of the chosen period.
Neither Human Life Alliance nor its staff practice any licensed advisory role in law, accounting, financial planning, or similar field. Nothing contained in HLA communications should be construed as such advice. Always consult with your own professional advisors in their area of expertise.