Opportunity Zones
Opportunity Zones were created as part of the 2017 Tax Cuts and Job Act as an initiative to encourage community development in areas identified by each State’s governor as economically distressed. With over 8,500 designated Opportunity Zones, this tax legislation is hopeful to spur sustained development across the U.S.
The key investor benefit is the deferral of payment of Capital Gains Tax on realized gains from the sale of real estate, stocks or businesses until 2026. In addition, gains generated from appreciation of this investment are tax-free if the investment is held for over 10 years.
Investments of capital gain proceeds must be made into a special purpose vehicle called a Qualified Opportunity Fund (“QOF”). The QOF will then make equity investments in businesses or real estate within a designated Opportunity Zone.
Sherpa is actively working to secure strategic development sites in Opportunity Zones in Colorado, Arizona, New Mexico and other western states. Please feel free to contact us to learn more about the various requirements for Opportunity Zone investments, how to set up your own QOF, or to invest in existing QOFs.
Contact Sherpa today for more information on Opportunity Zones in Colorado and other Western States, and as always, please contact your tax advisor for benefits based on your individual circumstances.
Opportunity Zones Services Include
Sherpa currently works with AZ Opportunity Fund to sponsor development projects in Opportunity Zones in Arizona, New Mexico and Colorado. Please visit the AZOFund website for additional information at: www.AZOFund.com
Opportunity Zones were created as part of the 2017 Tax Cuts and Job Act as an initiative to encourage community development in areas identified by each State’s governor as economically distressed. With over 8,500 designated Opportunity Zones, this tax legislation is hopeful to spur sustained development across the U.S.
The key investor benefit is the deferral of payment of Capital Gains Tax on realized gains from the sale of real estate, stocks or businesses until 2026. In addition, gains generated from appreciation of this investment are tax-free if the investment is held for over 10 years.
Investments of capital gain proceeds must be made into a special purpose vehicle called a Qualified Opportunity Fund (“QOF”). The QOF will then make equity investments in businesses or real estate within a designated Opportunity Zone.
Sherpa is actively working to secure strategic development sites in Opportunity Zones in Colorado, Arizona, New Mexico and other western states. Please feel free to contact us to learn more about the various requirements for Opportunity Zone investments, how to set up your own QOF, or to invest in existing QOFs.
Contact Sherpa today for more information on Opportunity Zones in Colorado and other Western States, and as always, please contact your tax advisor for benefits based on your individual circumstances.
Opportunity Zones Services Include
- Site Selection
- Financial Analysis
- Qualified Opportunity Fund (“QOF”) advisory
- Due Diligence Consulting
- Purchase and Sale Contract Negotiation
- Improvement Construction & Project Management Consulting
Sherpa currently works with AZ Opportunity Fund to sponsor development projects in Opportunity Zones in Arizona, New Mexico and Colorado. Please visit the AZOFund website for additional information at: www.AZOFund.com
