“If you take anything away from today’s discussion, I just can’t stress how important it is to discuss and get this in front of your clients as soon as possible, well before they contemplate their real estate (or capital asset transaction). Individuals who fail to plan adequately and get a good team of advisors around them will quickly lose one of the best opportunities that they have had in years.” Wise words to end on, by Jean-Louis Guinchard.
We are delighted to announce a new partnership between RCX Capital Group, LLC, Ensenia Wealth, LLC and Ventureco Holdings, Inc. Our firms are collaborating to bring institutional-quality, tax-advantaged real estate investments to independent Registered Investment Advisors (RIAs) and Family Offices.
When investors sell an appreciated investment property, they face a choice. They can do nothing and pay the capital gains tax; depending on the state and the individual’s income level the tax liability can be as high as 33%. The other option is to employ a tax-advantaged deferral and reduction vehicle. These vehicles fall into three large buckets: 1031 exchanges, Delaware Statutory Trusts, and new Qualified Opportunity Zone Funds.
For an investor to take advantage of the full reduction benefit the investment must be made by December 31, 2019, so investors are flocking to QOFs quickly to get the maximum benefit.
I am for Opportunity Zones (OZ). OZs are designated geographic communities where certain investments are eligible for preferential tax treatment. They were designed to encourage economic growth in distressed communities. I am in favor of tax-advantaged investments,…