China Travel Resort Holdings, Inc. (fka CTVZ)

[MadeBucksOnThis]

What are the Tax Benefits of Investing in
Opportunity Zones?
Qualifying investments in QOFs are eligible for temporary tax
deferrals for reinvested capital gains; a 10% tax basis increase
for any investment held at least five years and a 15% tax basis
increase for investments held at least seven years; and exclusion
of capital gains taxes from the sale or exchange of an investment
in a QOF held for at least 10 years.5

5 Id. See also Press Release, Treasury, IRS Announce First Round Of Opportunity Zones Designations For 18 States, U.S. Department of the Treasury (April 9,
2018), available at https://home.treasury.gov/news/press-releases/sm0341, and Press Release, Treasury Issues Second Set of Highly Anticipated Opportunity
Zones Guidance, U.S. Department of the Treasury (April 17, 2019), available at https://home.treasury.gov/news/press-releases/sm660.

The Congressional Joint
Committee on Taxation estimates that investors in QOFs
will receive in the aggregate approximately $1.6 billion in tax
benefits per year from 2018 through 2027.6

6 Joint Committee on Taxation, Estimated Revenue Effects of the “Tax Cuts and Jobs Act,” As Passed By the Senate On December 2, 2017, JCX-63-17, December 6,
2017, p. 6, at https://www.jct.gov/publications.html?func=startdown&id=5047.

https://www.ncsha.org/wp-content/uploads/SEC-Staff-Statement-on-Opportunity-Zones.pdf