“Specifics and additions of opportunity zones have been released by the United States Treasury department, after much anticipation from investors. Opportunity zones encourage investment and development in distressed areas in the form of tax incentives. It is advised to make haste on these zones by the end of 2019, as this will ensure the full 15% tax basis step-up.”

Highlights include:

  • Borrowed funds can be used.
  • Cost of land is not included.
  • Includes deferral of tax on prior gains (as late as 2026)
  • Tax forgiveness on gains on investments of at least 10 years.
  • Qualified Opportunity Funds allow holding investments through 2047 without losing tax benefits.
  • 70% of business property must be in designated opportunity area.
  • Proceeds from sale of stock or business must be put into the opportunity fund within 180 days.
  • There must be a plan for the zone for businesses to hold working capital for 30 months.

Adam Abushagur

Vice President Investments

Managing Director – TAG Industrial

Industrial News

 
Trucking Innovation in Industrial Real Estate: A Catalyst for Growth?
Supply Chain BrainOctober 22, 2018
Container Weighing System Market 2021 Evolution Current and Upcoming Projects, Growth Rate, And Utilization
Tactical Business-October 21, 2018
IRS Releases Opportunity Zone Guidelines, Asks For Help Finalizing Them
Bisnow-October 19, 2018

Regional News

 
TREC: Neighborhoods Want A Say In How Development Happens
Bisnow – Dallas-Fort Worth – October 24, 2018
Read more
Why proposed development is bringing new energy to the Dallas Red Bird area
Dallas Business Journal – October 23, 2018
Read more
Dallas County consolidating with two office projects
Dallas Business Journal – October 23, 2018
Read more

National News

 

Target CEO says the US consumer is as strong as ever: ‘They’re seeing wages rise’
CNBC Economy – October 24, 2018
Read more
The fastest-growing cities in the U.S.-how affordable are they?
Smart Money – October 19, 2018
Read more
US durable goods orders edged up a modest 0.8% in Sept
CNBC – October 25, 2018
Read more
2018-10-30T15:54:31+00:00