Environmental Law Update provides information on developments in environmental law as they apply to property, trust, and estate matters. The editors of Probate & Property welcome information and suggestions from readers.
Fifth Circuit Vacates Tax Court Ruling on Conservation Easement Deductions
On August 11, 2017, the Court of Appeals for the Fifth Circuit issued its opinion in BC Ranch II, L.P. v. Commissioner, 867 F.3d 547 (5th Cir. 2017). The court vacated and remanded the Tax Court’s ruling that disallowed charitable tax deductions related to two conservation easements created in connection with the residential development of a 3,744-acre tract of land, known as Bosque Canyon Ranch.