VA Land Preservation Tax Credit

The Virginia Department of Taxation allows each Virginia taxpayer who donates a property in perpetuity to take a Land Preservation Tax Credit equal to 40% of the value of any land located in Virginia when that land is granted to a public or private agency/trust for a variety of uses such as historical or conservation preservation, agricultural use, forest use, open space, and/or natural resource conservation. The conveyance must be in perpetuity.

The amount of credit that may be claimed by each taxpayer shall not exceed the following: 

  • $100,000 for taxable years: 2012, 2013, 2014
  • $20,000 for taxable years: 2015, 2016
  • $50,000 for taxable years: 2017 and all following years

However, taxpayers who make fee simple land donations on or after January 1, 2015, may claim credits toward their income tax payable up to $100,000 per year provided that no part of their charitable contributions deduction under Section 170 of the IRS code related to such fee simple donations is allowable by reason of a sale or exchange of property. for more information, please contact your accountant and access information on the Virginia Department of Taxation site.

The donation of a conservation easement helps landowners implement their desire to protect the land they own. It can also yield, in appropriate cases, significant tax benefits to the landowner. Old Dominion Land Conservancy makes no guarantees regarding tax credits. Please obtain land valuation, tax, legal, and accounting advice regarding the donation of conservation easements.

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About ODLC

Founded to protect land and water resources for their natural, scenic, recreational, historic, and agricultural values, the Old Dominion Land Conservancy (ODLC) also seeks to educate the public on why land conservancy is so very important and so easily overlooked.

ODLC accepts land donations, but also tailors conservation easements to meet the specific needs and conservation purposes of each landowner and ODLC. We have been hard at our task for the past 15 years.

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Contact ODLC

Old Dominion Land Conservancy, Inc.
  621 West Main Street, Purcellville, VA 20132

  Office: 540-338-0077
  Fax: 540-338-9676

  Mon - Fri - 9:00 AM - 5:00 PM

  Henry Stribling, Executive Director

ODLC Mission

  Foster the importance of conservation

  Protect and preserve historic countryside

  Protect and preserve water resources

  Protect and preserve the Chesapeake Bay

  Create parks and trails

  Help preserve rural farmlands

  Control development through conservation