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The Gift of Real Estate
If you've owned your home or other real estate for a long time,
no doubt it has increased in value significantly. What happens if
you sell the property?
First of all, the sale is subject to Capital Gains tax on the
property's appreciation. If the property has been your main home
for at least two of the past five years, you can potentially
exclude up to $250,000 of gain ($500,000 for married
couples).
However, this opportunity to avoid capital gains tax doesn't apply
if the property is a vacation home, land or any real estate other
than your primary residence. Plus, there's the cost of marketing
and selling real estate, which also takes time and effort, even if
you use professional assistance.
.
A Unique Giving Opportunity
Before you sell real estate, consider a new option. If you'd
like to help fulfill our mission, your property opens the door to a
unique giving opportunity: donate the property to us.
You can give the property outright, place it in trust, retain the
use of it for life or give it by will. All of these methods will
enable you to enjoy personal financial benefits while supporting
our work in a meaningful way.
.
How to Get Started
Our counselors can help educate you and your advisors on the many options available for charitable donations of real property. Some items covered during these discussions include:
- Tax Benefits of an Outright Gift
- Give Your Home But Enjoy Life Use
- Obtain a Life Income From Your Gift
- Tax Savings for Partial Use
- Bargain Sale Tax Benefits
- Keeping Mineral Rights When Giving Real Estate
- Giving Real Estate Through Your Will
- Suitable Property to Donate
For More Information
You create a tangible and enduring testimonial of your interest
in our goals when you give your home or other real property. It's
one of the most fitting contributions you can make and your
personal satisfaction is complemented by significant tax
benefits.
You may have questions about appraisals, tax savings and other
details. You'll also want to know which gift arrangement is best
for you. We would be happy to assist your attorney and other
advisors in designing the most suitable plan based on your unique
circumstances. Please call Billie Hardee Home for Boys for more
information or to schedule a meeting to discuss your charitable
giving.
Finally, the information presented on this site is general in
nature and is not intended as legal, tax or investment advice. For
such advice, please consult an attorney, tax professional or
investment professional before making decisions about significant
gifts to Billie Hardee Home for Boys.
* This is a printer friendly version of the original page, made to save you ink and paper.
The Gift of Real Estate
If you've owned your home or other real estate for a long time,
no doubt it has increased in value significantly. What happens if
you sell the property?
First of all, the sale is subject to Capital Gains tax on the
property's appreciation. If the property has been your main home
for at least two of the past five years, you can potentially
exclude up to $250,000 of gain ($500,000 for married
couples).
However, this opportunity to avoid capital gains tax doesn't apply
if the property is a vacation home, land or any real estate other
than your primary residence. Plus, there's the cost of marketing
and selling real estate, which also takes time and effort, even if
you use professional assistance.
.
A Unique Giving Opportunity
Before you sell real estate, consider a new option. If you'd
like to help fulfill our mission, your property opens the door to a
unique giving opportunity: donate the property to us.
You can give the property outright, place it in trust, retain the
use of it for life or give it by will. All of these methods will
enable you to enjoy personal financial benefits while supporting
our work in a meaningful way.
.
How to Get Started
Our counselors can help educate you and your advisors on the many options available for charitable donations of real property. Some items covered during these discussions include:
- Tax Benefits of an Outright Gift
- Give Your Home But Enjoy Life Use
- Obtain a Life Income From Your Gift
- Tax Savings for Partial Use
- Bargain Sale Tax Benefits
- Keeping Mineral Rights When Giving Real Estate
- Giving Real Estate Through Your Will
- Suitable Property to Donate
For More Information
You create a tangible and enduring testimonial of your interest
in our goals when you give your home or other real property. It's
one of the most fitting contributions you can make and your
personal satisfaction is complemented by significant tax
benefits.
You may have questions about appraisals, tax savings and other
details. You'll also want to know which gift arrangement is best
for you. We would be happy to assist your attorney and other
advisors in designing the most suitable plan based on your unique
circumstances. Please call Billie Hardee Home for Boys for more
information or to schedule a meeting to discuss your charitable
giving.
Finally, the information presented on this site is general in
nature and is not intended as legal, tax or investment advice. For
such advice, please consult an attorney, tax professional or
investment professional before making decisions about significant
gifts to Billie Hardee Home for Boys.
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Billie Hardee 
