Opportunity Zones drive dollars in long-term investments into low-income urban and rural areas.
Gain the benefits of investing in an Opportunity Zone in Nashua.
Build projects that serve communities and enhance people’s wellbeing.
An Opportunity Zone is a designation some lower income communities receive by the federal government to help attract or entice capital. The idea is to spur long-term private sector investment into low-income communities.
The purpose of this program is to specifically channel more equity capital investment into overlooked markets.
Benefits of the Opportunity Zone Incentive
Types of Property that Qualify
In December 2018 Money Magazine named Nashua the best place to live in New Hampshire—the only community in the state making the list more than once.
Nashua is a charming city home to beautiful parks, a vibrant downtown business and restaurant scene, a revitalized Millyard, up and coming businesses, and some of the best scenery New England has to offer.
With no sales or income tax, easy highway access, and only an hour north of Boston, Nashua is the ideal investment opportunity for you.
Opportunity zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged, or December 31, 2026. If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged.
No. You can get the tax benefits, even if you don’t live, work or have a business in an opportunity zone. All you need to do is invest a recognized gain in a Qualified Opportunity Fund and elect to defer the tax on that gain.
You may make an election to defer the gain, in whole or in part, when filing your 2018 Federal Income Tax return. That is, you may make the election on the return on which the tax on that gain would be due if you do not defer it. For additional information, see How To Report an Election To Defer Tax on Eligible Gain Invested in a QO Fund in the Form 8949 instructions.