Investments in Qualified Opportunity Zones were introduced in late 2017 as part of the Tax Cut and Jobs Act and ever since then, these zones have generated tremendous interest from the real estate and financial advisory industries. More than 8,700 zones have been established nationwide to help economically stressed and challenged areas attract investments that would have normally been overlooked.
As these opportunity zones continue to evolve and gain traction, there are several compliance and qualifying factors that must be adhered to in order for a business to still operate within a fund. GBQ can help your business adhere to these compliances.
- Perform semi-annual agreed-upon procedures for Qualified Opportunity Fund with respect to 90% asset test.
- Perform periodic agreed-upon-procedures for Qualified Opportunity Zone Business investments with respect to Qualified Opportunity Zone Business requirements.