Once earned, how can I transfer my credits?
Once tax credits are earned, a donor may transfer some or all of them to a third party. This offers donors immediate compensation and third parties the opportunity of reduce their tax liability. To transfer tax credits, donors may attempt to locate their own purchaser or work through a credit facilitator who will attempt to provide a purchaser for the tax credits. In Virginia there is now a third option as well, working with the Cooperative Credit Sale Program. In addition to assisting donors throughout the conservation easement donation process, the Program also transfers credits in a way that provides ongoing financial support for Virginia land conservation.
When deciding on how to sell your credits two questions come to mind: How much will I net upon the sale, and how certain is it that the sale will happen? The Program has good answers for both of those questions. As to price, over its many years of operation sellers using the Program have consistently received the highest market prices available. Moreover, the Program has produced buyers for 100% of the credits registered with the Program. Thus, sellers can can rest assured that they are receiving the highest prices and enjoying the greatest chance of success.
How to Transfer a Tax Credit
- Register
- Provide Required Documentation
- Execute Transfer Documents
- Receive your payment
Click Here to download our registration forms.