Opportunity Zones
Do You Owe
Capital Gains Tax?
Wingate Law is a leading authority in Opportunity Zone investments. Our expert attorneys help clients navigate complex regulations, maximize tax benefits, and achieve strong returns. With a proven track record of success, Wingate Law is the top choice for Opportunity Zone investors.
OPPORTUNITY ZONES EXPLAINED
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Unlocking Investment Potential
Understanding Opportunity Zones
Tax Deferral
Investors can defer paying taxes on their original capital gains until the earlier of December 31, 2026, or the date they sell or exchange their investment in the Opportunity Fund, a tax incentive program aimed at stimulating investment in economically distressed areas known as Opportunity Zones, established as part of the Tax Cuts and Jobs Act of 2017.
Basis Step-Up
Long-term investors receive additional tax benefits. If the investment is held for at least five years, the investor's basis is increased by 10% of the original gain. If held for at least seven years, the basis is increased by 15% of the original gain. (update: legislation is pending in Congress up for renewal of this basis setup plan in 2025.)
Cap Gains Exclusions
Perhaps the most significant incentive is the potential for a full exemption from additional capital gains taxes on the appreciation of the Opportunity Fund investment. Investors who hold their Opportunity Fund investments for at least ten years are eligible for this exclusion, encouraging long-term commitment to the development of these communities.
"Wingate Law made navigating Opportunity Zone investments seamless and stress-free. Their expertise helped us maximize our returns and achieve our financial goals."
- John D.
Real estate Investor
"The team at Wingate Law is unparalleled in their knowledge and professionalism. They provided strategic guidance that was instrumental in our successful investments in Opportunity Zones."
-Sarah M.
Business Owner
"Thanks to Wingate Law we were able to unlock significant tax benefits and see impressive returns on our investments. Their dedication and expertise are unmatched."
​- Michael R.
Private Equity Manager
Are We the Right Fit?
Who can benefit from the Opportunity Zone program?​
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Investors with capital gains seeking tax deferral.
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Businesses looking to expand in economically distressed areas.
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Real estate developers interested in new projects.
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Entrepreneurs wanting to start businesses in qualifying zones.
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Corporations aiming to diversify their investment portfolios.​
How Opportunity Zones Work:
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1. Invest capital gains into a Qualified Opportunity Fund within 180 days.
2. Defer tax on those gains until December 31, 2026.
3. Reduce your tax liability by up to 15% if held for 7 years.
4. Pay zero taxes on new gains if the investment is held for 10+ years.
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Why Partner with Wingate Law?
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Experience - Wingate Law has been involved with the crafting of the OZ regulations from the inception of the law.
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Personal Service - Tailored solutions for individuals, businesses, and corporations.
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Expertise - Comprehensive legal and tax expertise.
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Proactive - Commitment to maximizing your benefits while ensuring compliance.
Our Streamlined Process:
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Free Initial Consultation: We assess your eligibility and investment goals.
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Zone Selection: We help identify suitable Opportunity Zones based on your criteria.
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Fund Structure: Our experts assist in setting up or choosing a Qualified Opportunity Fund.
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Investment Strategy: We develop a plan aligning with both OZ regulations and your objectives.
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Legal Compliance: We ensure all investments meet IRS and Treasury guidelines.
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Ongoing Support: From due diligence to execution and beyond, we provide continuous legal counsel.
Unlocking Opportunity Zones.
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What are Opportunity Zones?Opportunity Zones are economically distressed communities designated by each state's governor. These areas typically suffer from a lack of investment and face economic challenges such as high unemployment rates and low median incomes.
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How do they Work?The Opportunity Zone program offers tax incentives to encourage investment in these communities. Investors can defer paying taxes on capital gains by reinvesting those gains into Qualified Opportunity Funds (QOFs), which in turn invest in businesses or properties within Opportunity Zones.
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Why Invest in Opportunity Zones?Investing in Opportunity Zones not only offers potential financial returns but also provides an opportunity to make a positive impact on disadvantaged communities. By directing capital towards job creation, infrastructure development, and business growth, investors can contribute to the long-term sustainability and prosperity of these areas.
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When did US Opportunity Zones start?In an effort to stimulate economic growth and revitalize underserved communities, the U.S. government introduced Opportunity Zones as part of the Tax Cuts and Jobs Act of 2017.
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What's the Big Realization?Opportunity Zones present a unique opportunity for investors to achieve both financial and social objectives. By leveraging tax incentives and supporting community development, investors can play a vital role in transforming distressed areas into thriving economic hubs, with Wingate Law by their side every step of the way.
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Why Partner with Wingate Law?Navigating the intricacies of Opportunity Zones and maximizing the associated tax benefits requires expertise and experience. Wingate Law stands out as a leader in this field, offering unparalleled legal counsel and strategic guidance to investors and businesses seeking to capitalize on Opportunity Zone investments. With a dedicated team of professionals and a proven track record of success, Wingate Law is committed to helping clients unlock the full potential of Opportunity Zones while ensuring compliance with regulatory requirements.
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How are Opportunity Funds Structured?Opportunity Funds can be structured in various ways to attract a diverse range of investors. They may take the form of partnerships, corporations, or real estate investment trusts (REITs), providing flexibility for investors to participate according to their preferences and financial goals.
Do your clients need a tax strategy for capital gains?
Wingate Law can help you bring Opportunity Zones to your clients. Partner with us for expert guidance and offer a free consultation to maximize their financial growth today. This is the perfect tax-advantaged investment opportunity for your clients. We serve Financial Advisors, RIAs, and Business Brokers.
Discover expert guidance in Opportunity Zone investments with Wingate Law.
Contact us today for a free consultation to secure your financial future.
Get a free initial consultation today.
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