What are Opportunity Zones? How do they work? Can you really pay ZERO taxes on profits from an investment? What are the benefits for the investor and the community? In this video we set out to answer all of these questions and more.
To learn more visit www.urbancatalyst.com
Transcription:
Experiencing capital gains is a great thing.
But the way that capital gains are taxed can be a bit overwhelming.
Did you know that there is a way to defer, reduce, and even pay zero on the capital gains tax?
Created as a result of a bipartisan legislation included in the 2017 Tax Cuts and Jobs Act,
Opportunity zones offer specific federal tax incentives designed to promote long term investment in designated developing neighborhoods across the country.
Basically, it’s a new way to connect private capital into communities with untapped potential across America, in a way that will benefit both parties.
So what does it mean for the investor specifically?
Well, when you think of it in terms of a typical portfolio it means you can potentially double your after tax profits.
How?
The triple threat!
By investing into one of these opportunity zones you can defer your capital gains tax to the year 2026.
Once those taxes are due, they are reduced by 15% percent.
And if you hold the investment in the fund for 10 years, you eliminate the tax on any profits you received from the fund.
The extensive tax benefits and chance to make a difference, speak for themselves.
Opportunity zones are good for the investor and great for the community!
To learn more about investing in opportunity zones visit urbancatalyst.com
Urban Catalyst