Q:

How to get rid of vacant land?

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A:

There are plenty of ways to give get rid of vacant land.

Here are some examples: 

  • Transfer the deed (ownership) to someone else like friends or family
  • List your vacant land on eBay for $1
  • List your vacant land on social media and classified websites like craigslist as a giveaway
  • Donate your vacant land

Why is donating vacant land the
best option?

Donating your vacant land means that you get a tax deduction. Other forms of giving away will help you get rid of your vacant land but will not give you the tax benefits. In short: when you donate your land to a charity, with the right legal status, you will get back 100% of the fair market value of your property back on taxes. So if the land is valued at $20k, you will get back $20k on your taxes. You can carry this amount over for 5 years.

How it works

  1. Submit this form or give us a call at 1 855 753 2099 – tell us abit about your property (it takes 2 minutes)
  2. We will review the details
  3. If we decide to accept the property, we will send all the closing documents, and usually, within a few weeks, you will get your tax receipt.