Opportunity Zones Investment Strategies Take Hold

Posted on August 14, 2019

By Rich Tucker

In an era of divided government and even more divided politics, there are still public policies that can unite the left and right. One is opportunity zones.

Opportunity zones (OZs) – defined by the IRS as economically-distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment – were added to the tax code by the Tax Cuts and Jobs Act of 2017.

OZs are primarily an economic development tool designed to spur job creation and economic development in communities prime for growth. They also can provide significant tax benefits to investors.

When an investor sells an asset, it’s possible to defer paying capital gains taxes until 2026 if the gain is reinvested in a Qualified Opportunity Fund, the vehicle created to invest in opportunity zones.

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