1 minute read
OPPORTUNITY ZONE TAX ADVANTAGES
3043 S La Brea is strategically located on the easternmost border if a Qualified Opportunity Zone, allowing an investor to capitalize on the economic incentives that this program provide. This location provides tax advantages for an investor, reducing capital gains by as much as 15% over a seven year hold period and fully exempt from capital gains tax if the investment is held for at least 10 years. Because the biggest tax breaks are available to investors who retain their investment in these zones for at least 10 years, the Opportunity Zone program encourages new construction.
3043 S La Brea is strategically located on the easternmost border if a Qualified Opportunity Zone, allowing an investor to capitalize on the economic incentives that this program provide. This location provides tax advantages for an investor, reducing capital gains by as much as 15% over a seven year hold period and fully exempt from capital gains tax if the investment is held for at least 10 years. Because the biggest tax breaks are available to investors who retain their investment in these zones for at least 10 years, the Opportunity Zone program encourages new construction.
Advertisement
3043 S La Brea is strategically located on the easternmost border if a Qualified Opportunity Zone, allowing an investor to capitalize on the economic incentives that this program provide. This location provides tax advantages for an investor, reducing capital gains by as much as 15% over a seven-year hold period and fully exempt from capital gains tax if the investment is held for at least 10 years. Because the biggest tax breaks are available to investors who retain their investment in these zones for at least 10 years, the Opportunity Zone program encourages new construction.
Year 5 2023
Year 5 2023
Tax on original capital gain is reduced by 10%
Tax on original capital gain is reduced by 10%
Year 7 2025
Year 7 2025
Tax on original capital gain is reduced by another 5% (15% total reduction)
Tax on original capital gain is reduced by another 5% (15% total reduction)
Year 9
Year 9
April 15, 2027
April 15, 2027
Pay taxes on original deferred capital gains (minus 15% reduction)
Pay taxes on original deferred capital gains (minus 15% reduction)
Year 10
*Details about the Opportunity Zone program and the site’s eligibility should be confirmed by buyer or tenant’s CPA or tax attorney.
*Details about the Opportunity Zone program and the site’s eligibility should be confirmed by buyer or tenant’s CPA or tax attorney.
Year 10 2028
2028
All capital gains taxes now eliminated on any Opportunity Fund profifits
All capital gains taxes now eliminated on any Opportunity Fund profifits
METRO E LINE (EXPO) / SIGHT LINE
PRE-APPROVED ENVIABLE ADVERTISING SIGHT-LINE FROM THE METRO E LINE (EXPO) LA BREA PLATFORM STATION
