Tax Breaks and Land Preserving: A Complex Equation The IRS has cracked down on tax breaks for land preservation, citing abusive practices in conservation easements.
While some argue that these agreements are ripe for abuse by allowing investors to inflate their tax deductions through speculative property valuations, others claim they still hold value for genuine landowners seeking to preserve their properties while reducing their tax burden.
Conservation easements allow landowners to retain ownership of their property while giving up certain development rights.