Connecticut Trust For Historic Preservation

Easements

Internal Revenue Code Section 170 (h) and Department of the Treasury Regulation Section 1.170A-14 provide for income and estate tax deductions for charitable contributions of partial interests in historic property (principally easements).  The Tax Reform Act of 1986 retained these provisions.  Generally, the IRS considers that a donation of qualified real property interest to preserve a historically important land area or certified historic structure meets the test of charitable contribution for conservation purposes.  For purposes of the charitable contribution provisions only, a certified historic structure need not be depreciable to qualify, may be a structure other than a building and may also be a portion of a building such as a façade, if that is all that remains, and may include the land on which it is located.The IRS definition of historically important land areas includes:

  • independently significant land areas, including any related historic resources that meet National Register Criteria for Evaluation.
  • land areas within registered historic districts, including buildings, that contribute to the significance of the historic district; and,
  • land areas adjacent to a property individually listed in the National Register of Historic Places (but not within a historic district) where physical or environmental features of the land area contribute to the historical or cultural integrity of the historic property.

Easements may be obtained through:

  • The Connecticut Trust Easement Program
  • Charitable Contributions for Historic Preservation

Easements held: