University of Maryland Extension

Taxes and Land Preservation: Computing the Capital Gains Tax

Lori Lynch; Paul Goeringer

Many farmers have their wealth tied up in their land and would like to convert some this land value into cash. Others want to ensure that their lands stays farmland forever. Some farmers wand to preserve their property's characteristics and amenities. Others want to make it more affordable for their children to buy the land. Farmers may also want to extract part of the land's value in order to minimize estate taxes. For these landowners, Maryland had established a variety of programs to assist in the preservation of farmland. This fact sheet, revised in December 2014, presents information vital for computing the capital gains tax.  The fact sheet can be found here.

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