Close to 10, 000 acres will be covered by a conservation easement forever preventing subdivision.
The conservation easement, the legal tool that makes the deal work, is meant to be permanent.
If you have a big tax issue (say a lawsuit recovery, a casualty loss or conservation easement), keep that file separate.
In 2012, he announced his intentions to donate a conservation easement on 90, 000 acres of land on Trinchera (bought from Forbes family in 2007) to the U.S. Fish and Wildlife Service.
Bacon joined the club thanks in large part to his fight to preserve Trinchera Blanca Ranch in southern Colorado, 170, 000 acres of which he has put into a conservation easement, the largest ever in the state.
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Memo 2012-198 (2012), an S corporation failed to properly document a donated conservation easement because no contemporaneous acknowledgement was received by the donee indicating whether any value had been given to the donor in exchange for the contribution.
With a conservation easement, you give some or all of the development rights on your land to a government agency or not-for-profit (there are more than 1, 700 local land trusts), and you get a federal income tax deduction for the gift (the difference in the value of the land before and after the easement is in place).
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As outright land purchases have decreased, conservation is increasingly becoming an easement business.
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The entire 165, 000-acre Trinchera easement is to be the foundation of the planned Sangre de Cristo Conservation Area, a mosaic of public and private properties protecting a huge swath of the southern Rockies.
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