Façade Easement: Inexpert Valuation

Wendy C. Gerzog

University of Baltimore - School of Law

July 9, 2012

Tax Notes, Vol. 136, No. 2, 2012

The article discusses the recent Dunlap decision, which involved facade easement transfers to the National Architectural Trust, a qualified charity that preserves building easements across the country, although most are in New York City. Although allowing a deduction for their cash contributions to NAT to enforce the easement and not finding any penalties applicable, the Tax Court held that despite two valuation reports written by accepted valuation experts, the taxpayers had not established any value for their easement.

Number of Pages in PDF File: 5

Keywords: Dunlap, expert valuation, facade easement, charitable deduction, burden of proof

JEL Classification: H21, H24, K34, L30

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Date posted: July 9, 2012  

Suggested Citation

Gerzog, Wendy C., Façade Easement: Inexpert Valuation (July 9, 2012). Tax Notes, Vol. 136, No. 2, 2012. Available at SSRN: http://ssrn.com/abstract=2102466

Contact Information

Wendy C. Gerzog (Contact Author)
University of Baltimore - School of Law ( email )
1420 N. Charles Street
Baltimore, MD 21218
United States
410-837-4522 (Phone)
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