Seize the tax benefits while managing compliance
The Qualified Opportunity Zone (QOZ) program creates opportunities for investors to defer the capital gains tax on qualifying investments in low-income communities and potentially receive a “basis bonus” for their investment. More significantly, it provides tax free appreciation on an opportunity zone investment if held for more than 10 years.
It provides the market with funding sources for real estate projects and business operations looking to establish themselves in a QOZ. To receive the full benefits of the program however, certain compliance conditions must be met on both the fund side and the business side. Further complicating matters are the updated QOZ regulations the IRS has released in the years since the tax reform law put the program into effect.
Our team brings an in-depth understanding of the QOZ program rules, including how ongoing updates to the IRS guidance affect you. We help investors and QOZ funds and businesses meet compliance requirements while informing your strategy on how to best capitalize on the opportunities in the program.