Split-Interest Purchases of Land Clarified; Another Way to Acquire Additional Farmland?

Date
2009-05-15
Authors
Harl, Neil
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In recent years, split-interest purchases of land and other assets have been known principally as a study in trying to stay ahead of federal limitations imposed by Congress.1 As an example, changes in the handling of depreciation have discouraged so-called split-interest purchases.2 However, a 2008 letter ruling has clarified some aspects of depreciation for property interests acquired in a split-interest purchase and opened up some areas of possible advantageous use.3

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