Leland discovers it’s one of IRS’s new economic ‘Opportunity Zones’ for capital-gains relief

All of Navassa's town limits, northern portions of Leland's town limits, and northern unincorporated Brunswick County (shown in green) fall in a U.S. Census tract that qualifies as an Opportunity Zone (OZ). A large portion of central Brunswick County north of U.S. 17 (shown in blue) is also an OZ. (Port City Daily photo/Courtesy Department of the Treasury)

LELAND — A relatively unknown tax-incentive program is available to investors in the Leland area that allows complete relief from capital gains after a 10-year period. Rolled out in December 2017 under the Trump administration’s Tax Cuts and Jobs Act, Opportunity Zones were assigned last April. Though Leland didn’t apply to be counted as one, the northern … Continue reading Leland discovers it’s one of IRS’s new economic ‘Opportunity Zones’ for capital-gains relief