Opportunity Zones

Unlocking the opportunity

Qualified Opportunity Zones (QOZs), introduced in the 2017 "Tax Cuts and Jobs Act," enables taxpayers to defer and reduce capital gains to unlock substantial tax incentives. It promotes long-term investments while enabling investors to achieve financial returns and make a positive community and social impact. 

Opportunity Zones After COVID-19

April 16, 2020 | Discusses how COVID-19 challenges is likely to impact the landscape for QOZ investments

 

Recent QOZ insights

Watch  Opportunity Zones After COVID-19: Early Insights, Webcast, April 16, 2020


Watch  Qualified Opportunity Zones—Cross-Industry Update on Final Regulations, Webcast, January 27, 2020


Read  Qualified Opportunity Zone Rules as of June 2020 — Checking In and Checking Up, June 22, 2020


Read  Timing Considerations for QOF & QOF Investors in Light of COVID-19, March 24, 2020


Read  Tax Incentivized Projects in QOZs—Incentives that May Work Together, March 23, 2020


Read  The Road Has Been Paved, Summary and Observations on Final QOZ Regs, January 23, 2020

More insights

Listen | Realty Speak—Latest on QOZ Guidance, Podcast, June 10, 2019


Read | Initial Impressions of Final Regulations for Opportunity Zones, December 20, 2019


Read | Opportunity Zones—Unlock New Opportunities, September 2019


Read | Opportunity Zones and REITS—The Latest Guidance from Treasury and the IRS, June 24, 2019


Read | A New Path Forward, Summary and Observations on Proposed QOZ Regs, May 1, 2019


Read | Opportunity Zones and Privately Held Companies, December 2018


 

KPMG QOZ services


Capturing potential QOZ benefits involves a cross-functional approach. Addressing the needs of our clients related to QOZ investment, a diverse team of KPMG specialists can:

  • Provide a review for qualification purposes of the gain to be deferred under the QOZ rules
  • Review formation documents for the Qualified Opportunity Fund (QOF) as a partnership or corporation
  • Review contribution and partnership agreements for federal and state tax implications
  • Assist the QOF in acquiring QOZ assets or investment in Qualified Opportunity Zone Businesses (QOZBs), including assets to be acquired by the QOZB, to satisfy the QOF and QOZB qualified asset tests
  • Provide tax return services with respect to the QOF and QOZB
  • Provide audit and advisory services, as needed
  • Monitor continuing compliance of QOF certifications under the QOZ requirements
  • Develop structuring alternatives for QOF and QOZB
  • Provide tax opinions related to structuring and qualification of QOF and QOZB.

Contact us

Joseph Scalio

Joseph Scalio

Senior Lead Tax Partner, KPMG US

+1 267-256-2778
Orla O'Connor

Orla O'Connor

Principal, Tax, KPMG US

+1 415-963-7511
Tom West

Tom West

Principal, Passthroughs, Washington National Tax, KPMG US

+1 202-533-3212
Katherine Breaks

Katherine Breaks

Principal, Tax Incentivized Transactions, Leasing & Energy, KPMG US

+1 202-533-4578
Richard Blumenreich

Richard Blumenreich

Principal, Tax Incentivized Transactions, Leasing & Energy, KPMG US

+1 202-533-3032
Brad Sprong

Brad Sprong

Partner, National Tax Leader, KPMG Private Enterprise, KPMG US

+1 816-802-5270
Dan Feitelberg

Dan Feitelberg

Advisory Principal, Infrastructure, KPMG US

+1 415-963-8650
Ruth Tang

Ruth Tang

Audit Partner, Real Estate & Construction, KPMG US

+1 212-909-5083
Jeffrey Flecther

Jeffrey Flecther

Managing Director, Passthrough Tax Services, KPMG US

+1 26- 256-3367
Lisa Woods

Lisa Woods

Managing Director, Tax – Development & Exempt Organizations, KPMG US

+1 267 256 3170
Andrew Lau

Andrew Lau

Senior Manager, Tax Incentivized Transactions, Leasing & Energy, KPMG US

+1 212-872-3641
Anu Varadharajan

Anu Varadharajan

Director, Alternative Investments, KPMG US

+1 212 954 1816
Watch our video to learn the basics about the potential tax benefits for businesses that invest in QOZs