Opportunity Zones

A new opportunity for taxpayers under the 2017 U.S. tax law

The 2017 tax reform law added section 1400Z, which allows for the deferral and partial exclusion of gains from the sale or exchange of any asset that is reinvested in a Qualified Opportunity Fund (QOF) that invests in property or businesses located in designated as Qualified Opportunity Zones (QOZ). QOZs generally are low-income areas across the United States, the U.S. territories and the District of Columbia. In addition, any further gains generated through an investment in a QOF may be permanently excluded from income if held for at least 10 years.

 

Joseph Scalio

Joseph Scalio

Senior Lead Tax Partner, KPMG (US)

+1 267-256-2778
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Watch our video to learn the basics about the potential tax benefits for businesses who invest in QOZs

QOZ insights from KPMG

Opportunity Zone and REITs – The Latest Guidance from Treasury and the IRS

June 24, 2019

Article explains how new opportunity zone provisions apply to REITs

Realty Speak podcast – Latest on QOZ guidance

June 10, 2019

Learn about the latest QOZ program guidance from KPMG's Phil Marra and Demetri Yatrakis in the "must-listen" podcast

TaxWatch Webcast Replay: Opportunity Zones

May 28, 2019

Discusses the second set of proposed QOZ regulations published in the Federal Register on May 1, 2019

A New Path Forward

May 2019

Summary and observations on the proposed QOZ regulations published in the Federal Register on May 1, 2019

Opportunity Zones and Privately Held Companies

December 2018 | Are Opportunity Zones a potentially worthwhile investment for private companies and family offices? Find out in our recent issue of Privately Speaking

TaxWatch Webcast Replay: Opportunity Zones

November 16, 2018

Discusses the initial Treasury and IRS proposed guidance on section 1400Z

Are Businesses Considering Investing in QOFs?

November 16, 2018

Opportunity Zones are the buzz, but are organizations considering pursuing them? See how webcast participants responded when polled to questions about qualified opportunity funds

KPMG report: New rules for Opportunity Zones

October 22, 2018

Read our summary of the recently proposed regulations for the Opportunity Zone provisions

QOZs – What's happening?

KPMG's Tax Reform: Developments & Analysis Guide makes it easy to get the latest news

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