CIVIL WAR TRUST LAND CONSERVATION TECHNIQUES
The Civil War Trust protects land using some well-developed preservation techniques. Eventually, these efforts are directed by our objective to maintain critical battleground area in eternity. For those interested in protecting a home we invite you to contact our genuine estate department directly.
We work only with prepared sellers, and each project is distinct in its way. Nevertheless, in general, there are two types of preservation deals:
1. Conservation where the landowner maintains ownership
( i.e. Conservation Easements )
2. Preservation that moves ownership
( i.e. “Charge simple deals” )
To identify exactly what to purchase and what preservation technique fits the project we initially speak with a landmark study worldwide of battleground preservation, the Civil War Sites Advisory Commission Report (“CWSAC”).
The CWSAC Report was finished in 1993 by a 15-member Commission established by Congress to recognize the most traditionally considerable Civil War websites. Out of the almost 10,000 fights and skirmishes of the war the report determined 384 concept battlefields worthy of preservation.
As soon as the Civil War Trust determines whether a potential residential or commercial property is noted as a CWSAC qualified site, we utilize our Geographic Info System (“GIS”) electronic mapping abilities to locate the possible home about the historic landscape.
If a home is within the recognized border of a CWSAC qualified battlefield, we should next identify how finest to maintain the property. Typically, the Trust either purchases a long-term conservation easement or purchases the home outright to protect the integrity of the land. Each kind of deal is explained in greater detail listed below.
Hot The Civil Trust Commission works is explained in this video:
CONSERVATION EASEMENTS EXPLAINED
A conservation easement is defined as, “A legal arrangement between a landowner and an eligible company (certified land trust or state entity) that limits future activities on the land to protect its conservation values in perpetuity.” Therefore, the landowner still maintains ownership of the residential or commercial property, but the long-term easement will secure the land from future advancement.
For the most parts a conservation easement:
Does not permit new structures, unless they are necessary for a farming operation.
Restricts any changes to the topography of the landscape.
Restricts the capability to partition a residential or commercial property.
Preservation easements can be advantageous to landowners for several factors:
Conservation of family land in perpetuity
Federal Earnings Tax advantage
Specific State Earnings Tax benefits
Estate tax advantages
Real estate tax benefits
CHARGE EASY DEALS DESCRIBED
Several types of transactions transfer ownership of a property which are outlined in the greater information listed below:
1. Sale or Donation of Land
The Civil War Trust usually pays reasonable market worth for land, but landowners can offer for less and get tax benefits.
2. Bargain Sales
Landowner sells land to the land trust for less than the fair market price which produces a charitable earnings tax deduction based on the difference between the land’s reasonable market price and its list price.
3. Sale Topic to Life Estate
Landowner sells or contributes a remainder interest to the land trust, but maintains right to live and use property; land trust gains manage upon the death of landowner.
4. Sale/Leaseback Alternative
Landowner sells land to the land trust and then rents home back.
5. Sale to Conservation Buyer
Landowner sells land to preservation buyer at reasonable market value, and after that, the conservation buyer protects the land and take advantage of tax incentives.
Once the Trust identifies the finest preservation strategy, the Trust should determine ways to spend for the deal. Funding for Civil War Trust conservation tasks comes from the following sources:
Federal Grants (Civil War Battlefield Preservation Program, Transportation Improvement Program, Farm & Ranchland Security Program).
State Grants like Virginia Civil War Historic Site Conservation Fund, NC Clean Water Management Trust Fund).
Other Non-Profit Company Grants.
Trust Member Contributions.