Coastal Bend Fund

All About Opportunity Zones

Requirements

To qualify, the Opportunity Fund must invest more than 90% of its assets in a Qualified Opportunity Zone Property located in an Opportunity Zone. The property must be significantly improved, which means it must be an original use, or the basis of the property must be double the basis of the non-land assets. Capital gain taxes are deferred for investments reinvested into investments in these zones and, if the investment is held for ten years, all capital gains on the new investment are waived.

Opportunity zones are census tracts designated by state authorities. As of Pari, 8,764 census tracts have been so designated.

An investor must invest in an Opportunity Fund by the end of 2019 to meet the seven-year holding period and be able to exclude 15% of the deferred capital gain. An investor may exclude 10% of the deferred capital gain by investing in an Opportunity Fund by the end of 2021 to meet the five-year holding period. An investor who realizes certain capital gain income may reinvest the capital gain in an Opportunity Fund within 180 days.

Tax benefits

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Tax Cuts and Jobs Act of 2017

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Tax Cuts and Jobs Act of 2017

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Why life on the coast is ideal for you

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Tax Cuts and Jobs Act of 2017

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Tax Cuts and Jobs Act of 2017

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Why life on the coast is ideal for you

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