A gift of your real property can make a great gift. If you own appreciated real estate property, you can avoid paying capital gains tax by gifting the property to Project SHARE.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
When you gift Project SHARE appreciated property you have held longer than one year, you benefit from a federal income tax charitable deduction. You avoid paying capital gains tax and you no longer have to deal with that your property's maintenance costs, property taxes or insurance.
There are a variety of ways that you can make a gift of real estate to Project SHARE such as, giving it outright, through your will or living will, as a retained life estate, or use it to fund a charitable life-income arrangement.
For more details about how to make a gift of real estate, please contact us at 717-249-7773, x233 or firstname.lastname@example.org
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.