LPC-1 Schedule C: Statement by the Recipient with Respect to Tax Credits of $1 Million or More From a Donation Made on or After 1/1/07 of Fee Simple Interest in Land (2025)
Virginia · Virginia Tax · Used for tax years 2025
Virginia Form LPC-1 Schedule C is a recipient statement supporting a Land Preservation Credit application for tax credits of $1 million or more from a fee simple land donation made on or after January 1, 2007. It describes the property's conservation purposes, the recipient's rea
Who files this form
Schedule C applies when an application is for land preservation tax credits of $1 million or more from a donation made on or after January 1, 2007, and the donation is a full or partial gift of a fee simple interest in land to a public or private conservation agency.
The agency receiving the property, called the donee, must sign Schedule C to attest to the accuracy of the information about the property's conservation value.
What you'll need
Attach documentation as needed to support each response. Include additional sheets if needed for complete answers.
Prepare information explaining:
- How the property meets at least one conservation purpose listed in Schedule B, Section I.
- Why the receiving agency accepted the gift and how its ownership protects the identified conservation purposes.
- How the public will benefit from protecting the property's conservation values.
- The extent to which water quality best management practices will be implemented, if applicable.
- Any forest management plan included in the donation's terms, if the property is fully or partially forested and a plan applies.
The form also asks for the credit holder's name and SSN or FEIN, along with the authorized representative's signature, date, printed name, and title.
Common mistakes
- Giving incomplete answers. The printed instructions call for brief but complete answers to each question. Attach supporting documentation as needed and extra sheets when necessary.
- Leaving the attestation unsigned. The donee must sign Schedule C to attest to the accuracy of the conservation-value information provided or attached.
- Signing without reviewing. The instructions specifically say to review the statement carefully before signing.
Questions people ask
Does Schedule C cover partial gifts?
Yes. It applies to full or partial gifts in fee simple to a public or private conservation agency when the application is for tax credits of $1 million or more and the donation was made on or after January 1, 2007.
Who must sign Schedule C?
The donee must sign the schedule. The signature area asks for the authorized representative's signature, date, printed name, and title.
Where do I find the conservation purposes to address?
Schedule C directs you to the conservation purposes listed in Schedule B, Section I. Explain how the donated property meets at least one of them.
What if there is not enough room for my answers?
Attach additional sheets as needed to provide complete answers. Also attach documentation as needed to support each response.