QOZ funds hope for a stellar 2020 as investor awareness increases

Any Stein, Cresset Capital

Qualified Opportunity Zone (QOZ) funds could take off in 2020 as investors gain greater awareness of the tax benefits and high returns on offer, according to Cresset Capital.

QOZ funds were created by the US Tax Cuts and Jobs Act of 2017 in order to spur economic development and job creation in distressed communities throughout the US. In return for investing capital into these communities, investors can get significant tax benefits such as deferring taxes on capital gains and eliminating taxes if they hold the investment for 10 years.

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