10 Dec All you need to know about investing in Opportunity Zones
Opportunity Zones are designations in the US to allow for certain investments in lower-income areas to have tax advantages. Any corporation or individual with capital gains can qualify. Going forward, they can take the capital gains – which can be stock, art, real estate, etc. – and roll it into an opportunity zone. The individual or corporation that does this won’t currently pay tax.
Existing capital gains won’t be taxed until the end of 2026 or when the asset is disposed of.
As you can see, it’s a huge opportunity for people who want to cut down on their capital gains tax. Experts Abe Schlisselfeld of Marks Paneth LLP, Brandon Lacoff of Belpointe REIT, Certes Partners’ Sunder G. Jambunathan, and James Nelson of Avison Young tackle the topic in the latest episode of the Stoler Report.
Watch the video above to learn all you need to know about investing in Opportunity Zones.