Investors can get big tax breaks if they invest in 'opportunity zones' under new Treasury rules

The Treasury Department on Friday outlined rules for investors seeking to finance development in under-served regions in exchange for significant tax breaks.

The opportunity zones come with several tax advantages. Capital gains placed in a certified opportunity zone fund will not be taxed through the end of 2026 or when the investment is sold, whichever comes first.

Investors who can participate include individuals, corporations, businesses, REITs, and estates and trusts.

https://www.cnbc.com/2018/10/19/investors-can-get-tax-breaks-for-investing-in-opportunity-zones-treasury.html

Submitted October 19, 2018 at 11:42AM by NineteenEighty9 https://ift.tt/2J7ySLK