Bargain Sale

If you need to realize some immediate income from your land, yet would like the property to go to GRLT, a bargain sale might be the answer. In a bargain sale, you sell the land for less than it fair market value. 

This not only makes it more affordable for GRLT, but offers several benefits to you:

• provides cash
• avoids some capital gains tax
• entitles you to a charitable income tax deduction based on the difference between the land's fair market value and its sale price