Opportunity Zones Continued

Dated: 07/03/2019

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The Tax Cuts and Jobs Act of 2017 ("The ACT")

  • The Tax Cuts and Jobs Act of 2017 (“The Act”) provides for the creation of “Opportunity Zones” (“OZ”) — which are specially created geographic districts that allow investors to receive substantial tax breaks for investment capital

  • Investors must invest through newly created “Opportunity Funds” that purchase and improve real estate or businesses

  • Investors may reinvest capital gains from any existing investments into an Opportunity Fund and defer/reduce those capital gains taxes

  • After the investment is held for 5 years, the tax basis in the original investment is increased by 10%, and after 7 years, the tax basis is increased by 15%

  • After 10 years, investors permanently avoid any capital gains tax on the post-acquisition gains

  • These tax benefits include increased expensing and depreciation

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