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Landowner/Seller |
"Carl and Karen patiently educated us on conservation easements and the credit transfer process. CTCT, LLC has successfully transferred our tax credits over the past three years and will complete another credit transfer for us in 2006."
Steve & Betty Nickel, "For the past four years Carl and Karen have handled our tax credit transfers in a thorough and professional manner. Their attention to detail and comprehensive knowledge and experience have provided us with confidence and guidance in successfully negotiating these complex transactions."
Rick & Elaine Fonken, |
HOW DO I SELL MY CREDIT?Landowners who are interested in selling their Credit should enroll with CTCT by completing the attached Seller Enrollment Form. All enrolled Credits are then placed on a priority transfer list. It is advisable to enroll early and indicate your intent to sell your Credit through our firm, even if your donation transaction is still in process. Enrolling early can often mean a transfer of your Credit earlier in the year. WHAT AMOUNT DO I RECEIVE FROM THE TRANSFER OF MY CREDIT?Landowners using our firm to facilitate the sale of their Credit will receive a percentage of the face value of the Credit based on "the going market rate" which tends to be about eighty percent (80%). The transfer rate can change over the course of the "transfer year" (January 1st through April 15th of the following year) based on the supply of Credits and the demand to purchase Credits. We transfer Credits throughout the "transfer year." Please check with us about the current transfer rate. WHAT IS CTCT'S ROLE IN THE CREDIT TRANSFER PROCESS?CTCT does not represent either the seller or the buyer of the Credit. Rather, we match the seller and buyer and facilitate the transfer and sale process through the use of our Agreement to Purchase/Sell. This agreement defines the specific conservation easement donation; the amount of the Credit being transferred; how funds are allocated among the landowner, the buyer of the Credit and the facilitator; and specific warrants and agreements for the seller, the buyer and the facilitator. The seller, buyer and facilitator all review, date and sign the Agreement to Purchase/Sell. When all of the documents and agreements are completed the seller receives a check from the buyer through our firm. HOW IS THE TRANSFERRED CREDIT REPORTED?Part of CTCT's service is to provide the seller and the buyer of the Credit with all required Internal Revenue Service and Colorado Department of Revenue documents before the income tax filing due date. Both the seller and buyer must file their income tax returns in a timely manner with the conservation documents provided by CTCT attached. |