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Section 206 provides a juicy capital-gains tax exemption for contributions of property for conservation, meaning wealthy environmentalists with extra acreage will be able to take a tax deduction for the appreciated property and have the environmental organization preserve it, adding to the value of the primary property.
WSJ: David Malpass: Nothing Is Certain Except More Debt and Taxes
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The section used to be one of the capital's most luxurious suburbs, complete with beach chalets and golf clubs, boat clubs and casinos.
CNN: Liberia: Sweet land of liberty now bitter, broken
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What these salesmen don't say is that there are other ways to soften or forestall a capital gains hit: installment sales, exchange funds, Section 1031 exchanges or just leaving the asset in your estate.
FORBES: The new giving game