Gifts of Real Estate
A gift of your appreciated real property (such as your home, vacation property, vacant land, farmland, ranch or commercial property) can make a great gift to Nevada-Utah Conference of Seventh-day Adventists.
Here are some of the benefits you may enjoy:
- Avoid paying capital gains tax.
- Receive a charitable income tax deduction.
- Leave a lasting legacy.
How you make a gift of real property
Your real property may be gifted to Nevada-Utah Conference of Seventh-day Adventists by executing or signing a deed transferring ownership. You may deed part or all of your real property to Nevada-Utah Conference of Seventh-day Adventists. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Can you make a gift of mortgaged property?
Please contact us if the property you wish to give has existing debt or a mortgage. Check with us on the capital gains tax implications of your gift. You also may be interested in life income options.