Upon completing a due diligence review, Calvary Chapel Fort Lauderdale will gratefully accept both developed and undeveloped land. Gifts of appreciated real estate are attractive from a tax standpoint. You may receive a charitable income tax deduction reflecting the full market value of the property and further avoid capital gains taxes that you would otherwise incur had you sold the property outright.
Advantages:
- Income to the donor can be arranged through a charitable remainder trust
- Donor will receive a tax deduction for the gift year
- Donor will avoid capital gains tax
- May be used in conjunction with other gift arrangements