OPPORTUNITY ZONE TAX ADVANTAGES OPPORTUNITY ZONE TAX ADVANTAGES 3043 S La Brea is strategically located OPPORTUNITY ZONE 3043 S La Brea is strategically located on the easternmost border if a Qualified
TAX ADVANTAGES
on the easternmost border ifana investor Qualifiedto Opportunity Zone, allowing Opportunity Zone, allowing an investor capitalize on the economic incentives thatto capitalize economic Son Lathe Brea is strategically Thisincentives locationthat this3043 program provide. located on the easternmost border This location this programtax provide. provides advantages for
if a Qualified Opportunity Zone, provides taxreducing advantages for anallowing investor, capital an investor to capitalize an investor, reducing capital gains byeconomic as much as 15% over a on the incentives that gains by as much as 15% over a this program provide. This location seven year hold period and fully seven year period fully provides taxhold advantages forand an tax exempt from capital gains investor, reducing capital gains by as exempt from capital gains if the investment is held fortax at much as 15% over a seven-year hold if the 10 investment is held for attax the biggest least years. period and fully Because exempt from capital the biggest tax least years. Because breaks 10 are available to investors who retain gains tax if the investment is held
breaks areleast available to investors who forinvestment at 10inyears. Because the their these zones for at retain least their investment in these at taxOpportunity breaks arezones available toleast 10 biggest years, the Zonefor program investors who retain theirZone investment 10 years, thenew Opportunity program encourages construction. in these zones for at least encourages new construction.10 years,
3043 S. LA BREA AVENUE
the Opportunity Zone program encourages new construction.
Year 5 Year 5 2023 2023 Tax on original capital Tax on original capital gain is reduced by 10% gain is reduced by 10%
2021 2021
2022 2022
2023 2023
Year 7 Year 7 2025 2025 Tax on original capital gain is Tax on original capital gain is reduced by another 5% reduced by another 5% (15% total reduction) (15% total reduction)
2024 2024
2025 2025
Year 9 Year 9 April 15, 2027 April 15, 2027 Pay taxes on original Pay taxes on original deferred capital gains deferred capital gains (minus 15% reduction) (minus 15% reduction)
2026 2026
2027 2027
Year 10 Year 10 2028 2028 All capital gains taxes All capital gains taxes now eliminated on any now eliminated on any Opportunity Fund profifits Opportunity Fund profifits
2028 2028
*Details about the Opportunity Zone program and the site’s eligibility *Details about the Opportunity program andor the site’s eligibility should be confirmed by buyerZone or tenant’s CPA tax attorney. should be confirmed by buyer or tenant’s CPA or tax attorney. P RO P E RT Y DE S C R IP T I ON P RO P E RT Y DE S C R IP T I ON
11
8
