You can give your residence, vacation home, acreage, farm or unimproved parcel of land and still retain use of it so that you and your family can continue to use it for the rest of your lives while obtaining significant tax and estate planning benefits. A residence may have appreciated so significantly in value that its sale by you would generate a substantial income tax burden. By making a gift of a full or partial interest in real estate to King's Harvest Pet Rescue, you will avoid tax on the long-term capital gain and generate an income tax charitable deduction for the full fair market value of the property.
