Small Change, a crowdfunding platform servicing the property industry, has plans to launch an Opportunity Zone fund to allow investors access in the new tax-advantage designation.
As explained by the IRS:
“Qualified Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act. These zones are designed to spur economic development and job creation in distressed communities throughout the country and U.S. possessions by providing tax benefits to investors who invest eligible capital into these communities. Taxpayers may defer tax on eligible capital gains by making an appropriate investment in a Qualified Opportunity Fund and meeting other requirements.”
As one would expect, tax incentives can drive investment returns higher. Multiple online capital formation platforms are offering, or planning to offer, access to investments in these Zones. Small Change, a real estate investment platform, is unique in the fact it uses Reg CF, a crowdfunding exemption that allows any investor to participate in a security offering – not just accredited individuals.
Read more here
Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.