In recent years, split-interest purchases of land and other assets have been known principally as a study in trying to stay ahead of federal limitations imposed by Congress.1 As an example, changes in the handling of depreciation have discouraged so-called split-interest purchases.2 However, a 2008 letter ruling has clarified some aspects of depreciation for property interests acquired in a split-interest purchase and opened up some areas of possible advantageous use.3
Harl, Neil E.
"Split-Interest Purchases of Land Clarified; Another Way to Acquire Additional Farmland?,"
Agricultural Law Digest: Vol. 20
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol20/iss10/1