Joe Biden's call to roughly double top capital gains tax rates—even though not yet in a bill, let alone passed into law—has sent many CRE investors looking for ways to avoid the potential impact.
One option several experts suggest is looking at qualified Opportunity Zone investments. They can't make the pain of paying capital gains taxes completely disappear, but they offer some solace. But there are some issues of timing and risk that a deferral of tax today could mean a higher bill later.
The Opportunity Zone program was part of the 2017 Tax Cuts and Jobs Act. The intent was to create incentive for long-term investment in designated low-income communities.
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