Projected Fund Return
Opportunity zones were created as part of the Tax Cuts and Jobs Act of 2017 to encourage long-term private investments in low-income urban and rural communities nationwide. The opportunity zone program is intended to stimulate economic growth in distressed areas by providing tax benefits to investors.
OZFund, Inc. (“OZFund" or the "Fund”) is a community-focused ‘Qualified Opportunity Fund' (QOF) with plans to acquire distressed below-market properties located in the ‘Opportunity Zones’ of Central Pennsylvania and the Mid-Atlantic Region for redevelopment into affordable rental housing and commercial space.
Capital gains (short-term or long-term) from the sale of any asset that is reinvested in OZFund within 180 days following the disposition of that asset, shall be excluded from the investor’s gross income until the earlier of: December 31, 2026, or the date the investor sells his investment.
Investors in OZFund will receive a 10% step-up in the basis of the capital gains that are reinvested in Opportunity Funds, if the investment is held for 5 years, and an additional 5% step-up in basis if the investment is held for 7 years, thereby excluding up to 15% of the original capital gains from taxation.
OZFund investors are exempt from federal taxation on capital gains derived from the appreciation of their investment if the investment is held for at least 10 years.
Rolling over your capital gains into the OZFund allows you to defer taxes on those gains, reduce your taxes by holding the investment, and eliminate taxes if held for 10 years or more.
Tax reduced by 10%
Invest your capital gains into the OZFund. Capital gains tax is deferred.
No Federal taxes paid on profits made from your investment in the OZFund.
We owe it to future generations to invest in thoughtful revitalization projects that will improve properties in depressed areas while supporting businesses that operate and create jobs in these areas.
|After-Tax Return Benefit||Traditional Investment ( $ )||OZFund Investment ( $ )|
|Invested in capital gains||$100,000||$100,000|
|Less: Capital gain tax investment||-$23,800||$0|
|Year 10 Value (Assume 10% annual investment appreciation)||$297,969||$391,036|
|Less: Year 10 capital gains tax (23.8%)||-$70,917||$0|
|Year 10 after-tax value||$227,052||$391,036|
|Less: Cap Gains Taxes on invested gains due on 12.31.26*||$0||-$21,420|
|Total year 10 after tax value||$227,052||$369,616|
|Total year 10 after-tax net gain**||$127,052||$269,616|
|* Assumes investment is held for at least 5 years and a 10% step-up in basis is applied to original capital gain that was invested.|
|** Assumes 10-year holding periods, equity multiplier of 3.91 from financial model, and a long-term capital gains tax rate of 23.8%.|
Jeremy has established the OZFund, Inc. The objective of the OZFund is to take advantage of the Opportunity Zone program, created as part of the Tax Cuts and Jobs Act of 2017 to encourage long-term private investments in low-income urban and rural communities nationwide. The opportunity zone program is intended to stimulate economic growth in distressed areas by providing tax benefits to investors. Jeremy is a multi-talented diverse senior executive, entrepreneur and investor in sustainable projects. He has developed products, built companies and created property development projects from concept through public listing in the U.S. and UK and has a highly participative consensus-building management style with proven ability to identify and penetrate markets, assemble and motivate effective teams.View Bio