Are Opportunity Zones the talk of the town in your local Real Estate circles? No?
While it’s no surprise that this part of the tax code is not yet well known, many savvy investors are jumping at the opportunity of the tax savings that it can provide.
What is an Opportunity Zone?
According to the IRS.gov website, “An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment….” Examples of local Opportunity Zones include certain sections of Delray Beach just south of Atlantic Avenue, west of Federal Highway, sections of the west Atlantic Avenue corridor east of Interstate 95 west of Swinton Avenue. Click here for more about these areas.…