If a landlord donates commercial space to a non-profit entity, can the forgone lease value be deducted from landlord's taxes?

Question

I could not find a tax or IRS stack exchange so I post here. Where I live, there is much commercial real estate that is empty. I would like to propose to the landlords to donate the space to a non-profit temporarily until the market demand picks up. Can I propose such a tax advantage to the landlord? Does such a provision exist in the tax code?

score 0 · Accepted Answer · answered May 23 '17 at 02:39

0

No, there is no tax benefit to the landlord

Only gifts of property can be receipted by the charity - not services or loans of property.

See http://www.lexology.com/library/detail.aspx?g=7f940252-5177-4b48-82f3-c2db9dd7e5f4

answered May 23 '17 at 02:39

Dale M

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If a landlord donates commercial space to a non-profit entity, can the forgone lease value be deducted from landlord's taxes?

1 Answers1

No, there is no tax benefit to the landlord