Bargain Sale


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Bargain Sale

The sale of an asset for less than fair market value with the intent of making a charitable contribution. For example, a grocery store may make a bargain sale if it sells food to a homeless shelter for $5,000 when it is worth $15,000. In this case, the grocery store may take a tax deduction for $10,000 (the difference between the sale price and the market value).
References in periodicals archive ?
In 2003 and 2004, Irby Ranches conveyed conservation easements encumbering two parcels of land to Colorado Open Lands (COL), a qualified charitable organization, m bargain sale transactions.
They have been lifted and thinned out and there has been a bargain sale of these surplus canes on the market for free.
If I had to say it in one word, it is the height of populism or a massive bargain sale,'' said Akira Amari, state minister in charge of administrative reforms.
HUNDREDS of shoppers turned out in force for a bargain sale.
Global markets had slumped on Monday after the Fed's unexpected cut in a key lending rate and the bargain sale of US investment bank Bear Stearns to JPMorgan Chase sparked fears of a deepening global credit crisis.
EXPERIENCE the luxury of the world famous QE2 and the buzz of New York City for a bargain sale price.
1271 through 1275 or is received from a charitable organization in a bargain sale governed by Regs.
A further possibility for giving is to enter into a bargain sale with a charity.
Cash Annuity Real Estate Other * Annual or * Deferred Charitable * Real Estate * Bank Accounts Year-End Gift Annuity and CD's Gifts * Gifts "In * Flexible Deferred * Retained Life * Retirement Plan Memory of" Charitable Gift Estate Assets Annuity * Gifts "In * Pooled Income Fund * Bargain Sale * Designate AFCF Honor of" through the United Way EIN #91-1932432 * Gifts "In * Charitable * Vacation Lieu of Remainder Unitrust Time-Shares Flowers" (CRUT) * Life * Charitable * Tangible Insurance Remainder Annuity Personal Policies Trust (CRAT) Property * Bequests * Charitable Lead Trust * Securities * Charitable Gift
For those who would like their property preserved but need some cash for selling the land, a bargain sale allows landowners to sell the land to a trust at a discounted rate.
She then travelled 300 miles from her North London home to clinch the bargain sale.