Clark & Associates
Virginia and Federal Tax Credits Attorneys
The Virginia law offices of Clark & Associates have the experience to help you, your business, or nonprofit through the creation of a conservation or an open-space easement and the creation of Virginia tax credits. Contact our practice today for your consultation. We have offices in Leesburg and Tysons Corner to serve people throughout the Washington, DC area.
Both the federal and Virginia state law contain provisions encouraging the preservation of open space and the rehabilitation of historic structures through significant tax incentives.
Property owners, including non-profit organizations, can obtain tax benefits by placing conservation easements across their property and by engaging in qualified historic rehabilitation projects.
A conservation easement is a binding agreement between a property owner and a specialized non-profit entity that permanently limits the development rights associated with the property. Qualifying Virginia or Federal historic rehabilitation projects help preserve Virginia’s unique architectural heritage by restoring properties identified on the Virginia or Federal Landmarks Register.
Negotiating the donation of conservation easements and structuring the rehabilitation of historic buildings to qualify for special tax incentives are complex and technical challenges. But the results can be very financially rewarding and in many cases create a logical and practical alternative to traditional property development or redevelopment. A key factor in securing these financial benefits is the ability to transfer the Virginia tax credits generated by a qualifying easement or rehabilitation project on favorable terms.
Our conservation easement lawyers have successfully negotiated the perpetual protection of hundreds of acres of precious Virginia countryside, generating millions of dollars in highly valuable tax credit for our clients. Clark & Associates’ historic rehabilitation lawyers have helped restore and protect some of Virginia’s most important landmarks, creating substantial tax credits that will help keep these properties open and accessible to the public for future generations.
Our tax credit lawyers have successfully handled the sale of tens of millions of dollars in conservation tax credits and have also structured numerous highly–sophisticated Virginia and Federal transactions that have allowed even tax-exempt clients to realize substantial cash proceeds from their historic rehabilitation tax credits. Because of our experience in dealing with non-profit entities, our lawyers are uniquely qualified to help our clients navigate the special considerations that abound when a 501(c)(3) charity or other tax-exempt organization considers a conservation easement or historic rehabilitation project.
Let our law firm put this experience to work for you. Contact Clark & Associates today.