Most if not all of our lands donated by the landowners, were done because of the owner’s love of the land. Lands that have been sometimes in the family for generations, lands that mean more to families than money. When donated to a qualified public charity like Utah Open Lands, conservation easements constitute a charitable donation and consequently have favorable tax consequences for the landowner making the gift. These tax benefits range from income tax deductions to estate tax benefits.
In some instances, the benefits are so great that the value of donating a conservation easement can match the value of developing the property. However, typically the reason for donating a conservation easement is the landowning family’s love of the land, not the associated tax advantages. Learn more about tax incentives.