A Georgia landowner claimed a $23 million tax deduction for a 103-acre conservation easement; an appeals court upheld a valuation of just $480,000 and a 40% penalty after rejecting the property’s proposed quarry value
The company said the land could be used as an aggregate quarry before the easement. (Representational AI photo) A Georgia landowner claimed a $23 million charitable tax deduction after donating a conservation easement over 103 acres of land. The valuation was based on the argument that the property’s ‘highest and best use’ before the easement…