Gifts of Real Estate: Getting Started

Imagine avoiding the hassle of selling a piece of property, with no worry about getting a fair price and at the same time realizing valuable income and estate tax deductions. This can be your reality when you consider using real estate to make a charitable gift to PETA. Here's what you need to know.

Did you know?
Donating a home or other piece of real estate eliminates the capital gains tax that would be owed if you were to sell it.

How It Works
You can donate your property outright, place it in a trust or give it through your will. All of these methods will enable you to enjoy personal financial benefits while supporting our work in a meaningful way. Following are details on the most straightforward way to make such a gift: direct donation of your property.

Gift of Real Estate

You

1

You give property.

2

You receive an income tax deduction.

The property is sold or kept by PETA.

How You Benefit
In addition to freeing you from the costs and responsibilities of ownership, making an outright gift of property that you've owned for more than a year offers these benefits:

• You obtain an income tax charitable deduction equal to the property's full fair market value. This deduction reduces the cost of making your gift and frees cash that otherwise would have been used to pay taxes.
• You eliminate capital gains tax on the property's appreciation.
• The transfer isn't subject to the gift tax, and the gift reduces your future taxable estate.

	Request a free guide to learn more about the tax benefits of a gift of real estate.

Please contact Tim Enstice at 757-962-8213 or plannedgiving@peta.org if you have any questions about this way of leaving a leaving a legacy for animals.


¹Assumes a 35 percent marginal income tax bracket and a 15 percent long-term capital gains tax bracket.