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Come to the
Washington Tov*» Hall
on Sunday afternoon,
April 23, at 1:00 pm.
We’ll explain how you
can lower your Virginia
income taxes by
purchasing tax credits
from easement donors
at discount rates.
Virginia taxes, you may be able to purchase $4,000 in tax credits for $3,000 and avoid $1,000 in taxes.
How It Works
First find a seller and negotiate an amount and price. Sellers will be at the seminar. Then both you and the seller sign a Letter of Transfer and Sale describing the sale and transfer of Virginia Land Preservation Tax Credits. Sample letters will be available at the seminar.
The seller then files two originals of a VA Form LPC (Virginia Land Preservation Tax Credit Notification Form) with the Department of Taxation. The first copy notifies the Department of Taxation that land preservation tax credits have been created. The second copy notifies the Department that tax credits have been transferred to another Virginia taxpayer. That would be you. Blank
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