Amendment Clauses in Easements: Ensuring Protection in Perpetuity

8 Pages Posted: 22 Feb 2021 Last revised: 16 Mar 2021

See all articles by Nancy A. McLaughlin

Nancy A. McLaughlin

University of Utah S.J. Quinney College of Law

Date Written: August 30, 2020

Abstract

Internal Revenue Code § 170(h)(5)(A) requires that the conservation purpose of a deductible conservation easement be “protected in perpetuity.” This article explains how the protected-in-perpetuity requirement should limit the parties’ ability to reserve the right to make post-donation changes to the terms of a deductible easement.

Keywords: conservation easement, amendment, perpetuity, section 170(h)(5)(A)

Suggested Citation

McLaughlin, Nancy A., Amendment Clauses in Easements: Ensuring Protection in Perpetuity (August 30, 2020). 168 Tax Notes 819 (2020), University of Utah College of Law Research Paper No. 420, Available at SSRN: https://ssrn.com/abstract=3776175

Nancy A. McLaughlin (Contact Author)

University of Utah S.J. Quinney College of Law ( email )

332 South 1400 East, Rm 101
Salt Lake City, UT 84112-0730
United States
801-581-5944 (Phone)
801-581-6897 (Fax)

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