Conservation Easements: Tax and Real Estate Planning for Landowners and Advisors
David J. Dietrich and Christian Dietrich
ABA Section of Real Property, Trust & Estate Law, 2011
Conservation easements are widely used as a tool for conservation purposes, which may include those allowed under the Internal Revenue Code, and are generally as follows: preservation of land areas for outdoor recreation by, or the education of, the general public; protection of habitat for fish, wildlife, plants, or ecosystems; preservation of open space (including farmland and forest land); or preservation of historically important land or a certified historic structure. Such purposes may vary under applicable state law.