Gifts of Real Estate

A gift of real estate can be a very efficient way for you to give. When appreciated real estate that has been owned for a number of years is sold, it is probable that you will be faced with a substantial capital gains tax burden.

By gifting real property that has been held at least a year and a day, you are entitled to a charitable tax deduction for the fair market value on the date of the gift and will bypass the capital gains tax due on the appreciation.