Bargain Sale To A Charitable Organization

Business, Legal & Accounting Glossary

Definition: Bargain Sale To A Charitable Organization


Bargain Sale To A Charitable Organization


Full Definition of Bargain Sale To A Charitable Organization


An arrangement that allows an individual to reduce tax liabilities by selling an asset to a charity at a price below its market value. For example, an individual might use this strategy to avoid paying capital gains tax on the sale of a vacation property. If the property was originally purchased for $300,000 and it is now worth $500,000, the owner could sell it to charity for $400,000 and avoid paying taxes on $100,000 of capital gain. An individual who wants to use this strategy must obtain an independent appraisal of the value of the property to be sold.


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December 07, 2021 https://payrollheaven.com/define/bargain-sale-to-a-charitable-organization/.
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https://payrollheaven.com/define/bargain-sale-to-a-charitable-organization/ (accessed: December 07, 2021).
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Definition Sources


Definitions for Bargain Sale To A Charitable Organization are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.