Qualified Opportunity Zones

As part of the Tax Cuts and Jobs Act of 2017, Congress created Qualified Opportunity Zones to spur development and create new corridors of growth in low-income census tracts. 

Gill Ragon Owen is at the forefront of this evolving practice area. We are well-equipped to guide you through the entire process. Our team knows and understands every angle of local, state, and federal regulations.

Simply put, the Opportunity Zone program incentivizes the re-development of certain low-income census tracts (Opportunity Zones) by allowing investors to defer and reduce capital gains tax liability on capital gains invested in an entity (Opportunity Fund) that invests in property or businesses in an Opportunity Zone. Of course, miles of federal regulations regulate that straightforward concept. Although the complexity of the Opportunity Zone program can be intimidating, you can count on the sound legal counsel of our committed, passionate team.

Gill Ragon Owen has assembled a multidisciplinary team of experienced real estate, securities, tax, and finance attorneys to guide clients through every stage of the Opportunity Zone program. Whether you’re considering creating or investing in a Qualified Opportunity Fund or you’re a Qualified Opportunity Fund considering an investment in a Qualified Opportunity Zone project, you can count on our team’s legal expertise to maximize your income tax benefits and the impact of your investment. 

Opportunity Zones – From Startup through Payoff

Our team helps clients with all aspects of the Opportunity Zone program:  (1) forming, structuring, and financing a Qualified Opportunity Fund; (2) ongoing Opportunity Fund governance and compliance; (3) investing in Qualified Opportunity Zone Property or a Qualified Opportunity Zone Business; and (4) divesting an investment in Qualified Opportunity Zone Property or a Qualified Opportunity Zone Business.

Our team also advises cities and counties on how to best take advantage of and market the Opportunity Zones within their jurisdictions. We help local governments prepare their Opportunity Zones to receive investments from Qualified Opportunity Funds.  We also help local governments draft community prospectuses to market the opportunities within their Opportunity Zones. 

Not sure where the closest or best Qualified Opportunity Zone is? We’ll help you identify areas that qualify for the program and advise you on how to get started.

Contact us today to learn more about Qualified Opportunity Zones, Qualified Opportunity Funds, and how you can benefit from the significant tax benefits and investment returns.