Gifts of Appreciated Property.

Gifts of appreciated property can provide you with major tax advantages.

Please consult your own tax advisor.

Our understanding is that gifts of appreciated property allow you to claim the entire value of gift while not reporting income on the appreciation.
This might result inĀ  charitable gift donation of perhaps $60,000 without reporting a gain of $180,000 of your tax return which might have a capital gain tax of perhaps $20,000.

Making a direct gift of the property , in this example, results in a net tax savings to you of perhaps $40,000 ($60,000 less $20,000)

 

Please contact us directly to discuss a gift of appreciated property. These transactions can be somewhat complicated legally. We suggest you involve your legal counsel and we also will be using our counsel along with other professional advisors