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OPPORTUNITY ZONES
A once in a lifetime opportunity to postpone capital gains
Chicago, IL - September 13, 2018
Overview
The passing of the Tax Cuts and Jobs Act created Opportunity Zones– a new tax-deferral opportunity for recently realized capital gains. The law passed in December of 2017 and allows for state governors to identify specific communities, called Opportunity Zones (“OZs”), that have potential for revitalization.
Why Should Family Offices and Investors Care?
By adhering to certain guidelines, investors can take realized capital gains from other investments and put them into an OZ or fund that targets OZs and receive a combination of:
Tax Deferral
Tax Reduction
Tax Forgiveness
Not surprisingly, OZs have piqued the interest of family offices, high-net-worth individuals, and large private bank clients… and for good reason.
McNally Capital and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for information purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
All securities are offered through McNally Capital Securities, LLC, a wholly owned affiliate of McNally Capital, a registered broker dealer with the US Securities and Exchange Commission (“SEC”) and a member of FINRA and SIPC.
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