Bargain Sale

Your church or other ministries purchase your property for less than fair market value. You receive cash and a substantial charitable deduction for the difference between the market value and purchase price.

Do you have property that you would like to sell? Are you looking for a strategy to reduce your income taxes? A bargain sale might be the right strategy for you.

Benefits of a bargain sale

Avoid capital gains tax on your charitable gift
Receive a tax deduction that will reduce your tax bill this year
Take the cash received from the sale and reinvest it to create future income, save for retirement, buy new property or achieve other financial goals
Help your church or other ministries further its important charitable work

Bargain sale video

How a bargain sale works

You sell your property to your church or other ministries for a price less than fair market value.
You receive cash from the sale.
You can take a charitable deduction for the value of your gift which is the difference between the fair market value of the property less the sale price.
While you may owe some tax on the sale proceeds you receive from your church or other ministries, the charitable deduction from your gift could offset some, most or all of your capital gains taxes associated with the sale.

More on bargain sales

A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.

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