We’ve detected that you are using an outdated browser.

Please use a new browser like Chrome, Firefox, Safari or Microsoft Edge to improve your experience.

We’ve detected that you are using an outdated browser.

Laws

IRS Ruling Qualifying Agricultural Conservation Easements for Like-Kind Exchange (2)

This IRS Private Letter Ruling expands on a ruling from April 10, 1992 by stating that easement protected agricultural land may be exchanged for an unencumbered fee simple interest in any real property under section 1031 of the Internal Revenue Code.

Authority Type
Administrative Regulations / Guidelines
State
National
Level of Government
Federal
Law Type
Federal Administrative Regulations / Guidelines
Keywords
Conservation Easements, Like-Kind Exchange, Purchase of Agricultural Conservation Easements
Citation
Priv. Ltr. Rul. 92-32-030 (May 12, 1992).

Visit American Farmland Trust

Get engaged and receive the information you need right in your inbox.