Opportunity Zones

QOFs and QOZs – Unlocking the opportunity

Joseph Scalio

Joseph Scalio

Senior Lead Tax Partner, KPMG US

+1 267-256-2778
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Timing Considerations for QOF & QOF Investors in Light of COVID-19

KPMG Report | March 24, 2020

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 qualified opportunity zones (QOZ). QOZs generally are low-income areas across the United States (including the District of Columbia) and U.S. territories. 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.


QOZ insights from KPMG

 


Watch our video to learn the basics about the potential tax benefits for businesses who invest in QOZs


 

KPMG Webcast | Opportunity Zones After COVID-19: Early Insights

April 16, 2020

Discussed how the emergence of COVID-19 is likely to impact the landscape for Opportunity Zone investments in California and nationwide.

Tax Incentivized Projects in QOZs—Incentives that May Work Together

March 23, 2020

When appropriate, investments that generate tax credits, such as renewable energy and low-income housing projects, can be placed in QOZs to combine incentives.

Qualified Opportunity Zones – Cross- Industry Update on Final Regulations

January 27, 2020

Provides overview of section 1400Z, changes made in the final regulations, and other related opportunity zone business and investment issues

The Road Has Been Paved

January 23, 2020

KPMG Report | Analysis and observations about final regulations and future opportunity zone investments

Initial Impressions of Final Regulations for Opportunity Zones

December 20, 2019

KPMG Report | Highlights of the significant provisions of the final regulations released by the U.S. Treasury Department and IRS on December 19

Opportunity Zones – Unlock New Opportunities

September 2019

Report presents insights on the key points of the QOZ program, how to navigate QOF requirements, perspectives on QOF structuring, and more

What Are Businesses Saying about QOZs?

September 2019

Polling results: See how webcast participants responded when asked about potential plans forming and investing in QOZs, following the release of proposed regulations released in the Federal Register on May 1

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

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

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QOZs – What's happening?

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