OUTRIGHT GIFTS

Benefits

• Receive a charitable income tax deduction for the full fair market value of the property. 

• Avoid capital gains tax on appreciation.

• Transfer to HATF the burden and expense of managing and selling your property.

Did You Know?

• HATF has the resources and expertise to facilitate most real estate gifts.

• An appraisal is usually required to substantiate the tax deduction for most real estate gifts, and must be obtained by the donor.

• In some cases, HATF may be willing to purchase a property for less than its fair market value, and the donor is able to claim a tax deduction for the difference.

• Property subject to a mortgage may not be suitable as a gift to HATF due to tax and other considerations.