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Bargain Sale

Bargain Sale
Property
Sale Portion
GFA
Bargain Sale
Gospel for Asia would purchase your property for less than fair market value. You receive the cash and a charitable deduction for the difference between the market value and purchase price.

How a Bargain Sale Works

  1. You sell Gospel for Asia your property for a price less than fair market value.
  2. You receive the cash from the sale and a charitable deduction for a gift to Gospel for Asia (the difference between the market value and purchase price).
  3. While you may owe some tax on the amount you receive from Gospel for Asia, the charitable deduction from your gift could offset your taxes.

Benefits of a Bargain Sale

If you are considering selling your property, a bargain sale might help you meet your goals.

  • Avoid capital gains tax on your charitable gift.
  • The deduction from your gift will give you valuable tax savings that may reduce your tax bill.
  • With the cash received from the sale, you may be able to reinvest to create more income for your future.
  • Best of all, your gift will help further the work of Gospel for Asia.

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