Conservation Easements — The Turner and Glass Cases

Prof. Wendy Gerzog (University of Baltimore School of Law) has recently posted an article entitled Conservation Easements Under Turner and Glass on SSRN. It was originally published in Tax Notes, July 10, 2006, at 179.
   

Here is her conclusion:
   

Both Turner and Glass provide useful commentary on the requirements a taxpayer must satisfy to qualify for a conservation easement charitable deduction or the estate tax conservation easement exclusion. Because of the increased popularity of conservation easements, as well as the heightened IRS examination of these transfers, both cases provide a welcome judicial gloss on this tax benefit.