Bargain Sale

A bargain sale works just like any other sale except that the sale price is less than the present fair market value. A donor can be anyone that owns appreciated property and wants to benefit Saint Thomas Health fund, but needs a benefit in return. The donor receives a charitable deduction for the difference between the sales price and the fair market value.

Benefits

  • Tax deduction based on value of property and sales prices
  • Avoidance of capital gains tax on gift portion