The Gulf Opportunity Zone Act of 2005, generally referred to as the GO Zone Act, provided certain tax incentives, including bonus depreciation, to investors that acquire newly built and qualifying homes within the GO Zone designated areas.
GO Zone Deadline Extended
The Tax Act enacted at the last minute last year had some terrific news for those who are interested in investing in investment property located within the GO Zone area.
The previously extended GO Zone deadline was December 31, 2010. However, this deadline for investors to take advantage of the GO Zone tax incentives has been extended again to December 31, 2011 and is also widely expected to be extended to December 31, 2012.
Educational GO Zone Webinar
The key is to work with a real estate developer that is already building qualifying real property within the designated GO Zone areas.
Exeter 1031 Exchange Services, LLC has scheduled a monthly webinar discussing the benefits of investing in real estate within the GO Zone. This month's guest presenter is The Hanover Companies who has been actively developing GO Zone investment real estate for many years.