Lifetime Capital Gains Exemption & Corporate Tax Planning Feat. John Schappert & Bridget Hennigar

When it comes to selling farmland, one of the most important—and often most confusing— topics is tax. In this episode of The Farmland Exchange, host Devon Davidson is joined by Bridget Hennigar (COO at CLHbid.com) and John Schappert (CPA, Tax Advisor for Chan Tax Law) for a deep dive into the Lifetime Capital Gains Exemption (LCGE), Qualified Farm and Fishing Property (QFFP), and the tax strategies that can make a major difference when selling farmland.

Together, they explain how the LCGE works, who qualifies, and why careful planning—sometimes years in advance—is essential for maximizing savings and protecting your family’s long-term goals. From Alternative Minimum Tax (AMT) and Canadian Entrepreneur Incentive (CEI) changes to succession planning and intergenerational transfers, this conversation gives farmland sellers the insight they need to avoid costly mistakes.

We’ll explore:

✅  Basics and importance of the Lifetime Capital Gains Exemption (LCGE) 

✅  What qualifies as QFFP—and key differences before/after June 17, 1987

✅  Financial impact for farmland sellers overlooking LCGE

✅  How ownership structure impacts the Lifetime Capital Gains Exemption

✅  Recent tax law changes, including AMT and CEI

✅  Tax planning ahead of a sale and strategies to involve family members

✅  Info for executors & beneficiaries handling farmland sales through estates

✅  Corporate tax planning, rollovers, and intergenerational transfer strategies to keep the farm in the family

If you’ve wondered how to navigate the complexities of farmland tax planning, this episode is for you

📺 Watch On YouTube | Ep. 10 - LCGE & Corporate Tax Planning

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