The Opportunity Zone program was created by the 2017 Tax Cuts & Jobs Act to revitalize economically distressed communities through long-term private investment as opposed to taxpayer dollars. Opportunity Zones have now been designated in all 50 U.S. states, the District of Columbia and five U.S. possessions.
Is It Right for You?
Investors in a Qualified Opportunity Zone via an Opportunity Fund can benefit from capital gains reinvestment tax incentives available exclusively through the program. Moreover, that capital invested in the project can grow tax-free over a specified period of time. It’s important to know the details.
Also, as financial policy and in comparison to other programs that encourage private investment in low-income areas through tax advantages, the Opportunity Zone program is less restrictive, costly or reliant upon government agencies.
Top 3 Tax Details You Should Know
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Significant Tax Benefits
Roll over gain into opportunity fund (defer tax on gain)
Tax on original capital gain is reduced by 10%
Tax is due on original capital gain but reduced by additional 5% (15% total reduction)
All capital gains tax now eliminated on Opportunity Fund profits
An Integrated Approach
Primior develops its own Opportunity Zone projects with a uniquely integrated suite of services tailored to expedite the process and reduce costs. Our experience in real estate finance and management, coupled with our development knowledge and experience, gives us a deep understanding of what it takes to make projects successful.