If the capital gain from the sale of an asset (real estate or other) is invested in an “Opportunity Zone Fund (O-Fund), the gain can be deferred to December 31, 2026 with a 15% decrease in the taxable gain amount.
If the O-Fund is held for 10 years and sold, there would be no capital gains tax on the O-Fund’s appreciation.
If you are an investor, the ability to defer a capital gain to 2026 might be very attractive PLUS, having no capital gains tax on the O-Funds appreciation could be huge!
Understanding the requirements and terms are essential. Snell & Wilmer are one of the leading legal firms in the Valley following the Opportunity Zones changes by the IRS.
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Expanding Our Team
Kasten Long Commercial Group (KLCG) is a locally owned and operated full service real estate commercial brokerage primarily serving metro Phoenix. We are currently looking to expand our team with experienced Commercial Real Estate Brokers that have a “client first” commitment.