08
Jan
By: Giev Justin Askari, Senior Wealth Planner, HSBC Private Banking
What are Qualified Opportunity Zones?
The 2017 Tax Cuts and Jobs Act (TCJA) created a new tax incentive surrounding investments in Qualified Opportunity Zones (QOZs). By investing in a business or fund that is eligible to take advantage of this limited opportunity, taxpayers can defer certain capital gains until 2026, and may qualify for up to 15% of the deferred tax liability to be excluded from recognition altogether (depending on when...