Opportunity Zone Investments Make It Possible To… Phoenix American
- Defer taxes on capital gains if those gains are reinvested into opportunity funds
- Make long-term investment in gentrifying and growing neighborhoods
- See basis step-up of previously earned capital gains
- Pay no taxes on capital gains from opportunity fund investments held for at least 10 years
- Save $1.6 billion in capital gains taxes over the next decade
It is possible to redevelop without the assistance of low-income housing tax credit or any federal funding. Sometimes restoration can be difficult when conforming to modern design standards and navigating zoning restrictions. A lot is dependent on how well the building was originally constructed and how it was built for the given location and climate.
Read More: 1031 Exchange Series: Life Science Properties & Opportunity Zone Investing
Contact Details:
sales@phxa.com
415-485-4500
2401 Kerner Blvd, San Rafael, CA 94901, United States
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