IRS Chief Counsel’s Advice on Valuing Conservation Easements


Response regarding the valuation of perpetual conservation restrictions, or conservation easements.  Specifically focuses on the application of the “Contiguous Parcel Rule” and the “Enhancement Rule” found in § 1.170A-14(h)(3)(i) of the Income Tax Regulations.

Memo available here: 
www.irs.gov/pub/irs-wd/1334039.pdf