A Georgia landowner claimed a $23 million tax deduction for a 103-acre conservation easement; an appeals court upheld a valuation of just $480,000 and a 40% penalty after rejecting the property’s proposed quarry value
- The company said the land could be used as an aggregate quarry before the easement.
- (Representational AI photo)A Georgia landowner claimed a $23 million charitable tax deduction after donating a conservation easement over 103 acres of land.
- The valuation was based on the argument that the property’s 'highest and best use' before the easement was as an aggregate quarry.
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- The company said the land could be used as an aggregate quarry before the easement.
- (Representational AI photo)A Georgia landowner claimed a $23 million charitable tax deduction after donating a conservation easement over 103 acres of land.
- The valuation was based on the argument that the property’s 'highest and best use' before the easement was as an aggregate quarry.
Sources: Times of India