Golf Course Doesn’t Negate Conservation Tax Break, Court Rules

May 13, 2020, 3:54 PM

The donation of several hundred acres of Georgia land qualify for a tax break because the land serves a conservation function despite having a golf course, an 11th Circuit panel ruled.

The Wednesday ruling overturned a 2018 ruling from the U.S. Tax Court. The dispute centered on what is known as a conservation easement, in which a property owner gives away the right to develop property in the future, allowing them to claim a charitable donation tax break if certain requirements are met.

In 2002 Pollard Land Company bought more than 2,000 acres north of Augusta, ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription.