Ask A Question

How can property qualify as QOZP in a QOF?

  • Matthew Rappaport
    June 19, 2019

    QOZP comes in only three varieties: QOZ stock, QOZ partnership interests and QOZ business property. Each of these has a long set of other requirements, but generally speaking, QOZ investments can only come in the form of operating business equity or tangible property (including real property).

  • Brad Cohen
    June 18, 2019

    As long as it isn’t a sin business you can qualify.

  • Maria De Los Angeles Rivera
    June 18, 2019

    QOZP is defined as one of the following: stock in a corporation that is a Qualified Opportunity Zone business, interest in a partnership that is a Qualified Opportunity Zone Business or Qualified Opportunity Zone Business Property. The law and regulations provide the different tests to be a QOZB and QOZBP.

  • Shawn Neidorf
    June 18, 2019

    There are a lot of rules pertaining to QOF business property. I would suggest you read the first two sets of guidance (released in October 2018 and April 2019) and reviews thereof. You'll find a lot of helpful materials on the Arizona Commerce Authority's OZ Resources page.

  • Donny Lucaj
    June 18, 2019

    The primary way property can qualify as QOZP in a QOF is: the property must be acquired by purchase after Dec. 31, 2017, from an unrelated party; the original use of which commenced with the QOF or the QOF substantially improved the property (by doubling the property's basis within any 30-month period after acquisition); substantially all of the use of such property is in an Opportunity Zone during substantially all of the QOF's holding period.

  • Tom de Jong
    June 17, 2019

    If a property is in a Qualified Opportunity Zone it is qualified by default. There are plenty of maps to determine by address if your p