Opportunity
Zones
Selling a property and interested in deferring your capital gains tax burden? Our team is here to help you navigate your OZone investment.
Interested in learning more about qualified opportunity zones? Our team of experienced professionals are ready and willing to answer all your questions and guide you through the process of your exchange from start to finish.
Contact us today for a free consultation on how you may defer your capital gain taxes, diversify your portfolio, and help preserve your capital.
Download Our Opportunity Zone Educational Brochure
Our guide to learn more on the tax deferred strategy of Opportunity Zones. It includes examples of a 10 year timeline, the potential benefits for each type of investment, risk factors and investment eligibility requirements.
WHAT ARE OPPORTUNITY ZONES?
To take advantage of the tax benefits of investing in Opportunity Zones, investors must reinvest their capital gains from a prior investment into a Qualified Opportunity Fund (QOF), within 180 days of the recognized sale of that prior investment.
A qualified opportunity fund (QOF) is an investment vehicle that specializes in aggregating private investments and deploying that capital in an Opportunity Zone (OZone).
WHAT QUALIFIES AS AN OZONE?
To qualify as an OZone, a census tract must have a poverty rate of 20% or higher or a median household income that is less than 80% of the surrounding area. The law generally allows for 25% of a state’s low-income community population census tracts to be designated as qualified opportunity zones.
Governors are responsible for identifying the areas in their states to be designated as opportunity zones. The same definition of a “low-income community” that is used by the new markets tax credit (NMTC) as the basis for defining an opportunity zone.
Who Is Asset Strategy?
We are an independent financial advisory firm, focused on client outcomes. We have over 30
years of experience and work with our clients and their tax and legal professionals to find a suitable plan for their needs.
We help our clients in the following areas:
• Retirement and Income Planning
• Risk Management& Insurance Planning
• Investment Planning
• Tax Strategies
• Financial & Estate Planning