As part of the new tax law in the United States, a taxpayer may elect to defer capital gain from the sale or exchange of property by investing in a qualified opportunity zone fund until the earlier of (1) the disposition of the investment or (2) December 31, 2026.
A portion of the capital gain from the sale or exchange may be excluded permanently if the investment is held for at least five years. Also, gain from the sale of the investment may be permanently excluded if the investment is held for at least 10 years.
Read a February 2018 report [PDF 74 KB] prepared by KPMG LLP that provides an overview of the new rules for qualified opportunity zone investments: What’s News in Tax: Opportunity Knocks under Tax Reform
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