Qualified Opportunity Zones

The Tax Cuts and Jobs Act, which was enacted in late 2017, included a tax incentive for investments in “qualified opportunity zones,” or QO zones. On June 20, 2018, the U.S. Treasury issued Notice 2018-48, which included the designations of QO zones in all 50 states and the District of Columbia.

This new tax incentive permits an electing taxpayer to defer eligible gain that would otherwise be recognizable on a sale or exchange of property if the taxpayer invests such gain in a designated QO zone. More specifically, the taxpayer must invest in a certified “qualified opportunity fund,” or QO fund. QO funds must meet various requirements relating to their underlying assets. 

In many instances, the possibilities afforded by a tax incentive, like this one, are clouded by the complexities in understanding it and qualifying for it. The purpose of this page is to provide resources to taxpayers considering investments in QO funds, QO fund managers and owners of property and/or businesses in designated QO zones. 

Williams Mullen’s real estate and tax attorneys are committed to helping you stay informed on the latest developments related to QO Zones. Please click below to download valuable content in our resource library. If you have any specific questions, please reach out to one of our lawyers for more information.

View Qualified Opportunity Zone Resources:

• The Qualified Opportunity Zone Tax Incentive
• Defining the Optimal Investment Window
• Designated Qualified Opportunity Zones Nationwide
• Virginia’s Qualified Opportunity Zones