Qualified Opportunity Zones, or QOZs, are designated census tracts which are eligible to receive certain tax incentives. Qualified Opportunity Funds, or QOFs, are investment vehicles which make qualified investments in QOZs for the purpose of spurring economic activity in these areas.
Capital gains from the sale of any asset are eligible for QOF tax benefits, which include:
While QOFs may provide significant tax advantages, prospective investors should consider the following:
Investment Property Wealth Management® is predicated on making sound decisions impacting financial and personal objectives. For the right investors, the QOZ program may offer significant appreciation potential and tax benefits while positively impacting communities in the process.