Opportunity Zone
Albemarle Business Campus is located in a designated opportunity zone and owning and operating a business in our project could provide very attractive tax benefits
Discuss various Opportunity Zone tax benefits with your accountant
If the investor holds the QOF investment for at least five years, the basis of the QOF investment increases by 10% of the deferred gain
If the investor holds the QOF investment for at least seven years, the basis of the QOF investment increases to 15% of the deferred gain
If the investor holds the investment in the QOF for at least 10 years, the investor is eligible to elect to adjust the basis of the QOF investment to its fair market value on the date that the QOF investment is sold or exchanged