Defer, Reduce & Eliminate Capital Gains Today by investing in Charleston O Fund LP

 
CHARLESTON, S.C. - Feb. 4, 2019 - PRLog -- Sanctuary Opportunity Funds, a local private equity firm specializing in qualified opportunity funds, is pleased to announce the launch of its' flagship fund,  Charleston O Fund LP.  Charleston O Fund LP has a mandate to invest in US Treasury-certified Opportunity Zones, which are low-income communities where investors with realized capital gains can receive favorable tax treatment.

"We launched this fund focused on investments in Opportunity Zones located in Charleston and the surrounding low country, as a chance to have a social impact on the area we live, work and play, and at the same time potentially generate attractive returns for our investors, " said John Coppola, founder and general partner of Sanctuary Opportunity Funds.  "This is a historic financial tool that will allow investors to do good for our local impoverished communities, and have the potential to defer, reduce and possibly eliminate capital gains."

The federal Tax Cuts and Jobs Act of 2017 established the Opportunity Zone program designed to spur economic development and job creation in distressed communities through three significant tax benefits to investors, including:

•  Deferral of capital gains: US taxpaying individuals or corporations with any capital gain, from the sale of any asset (e.g., stocks, real estate, a business), can defer taxation on an unlimited amount of realized gains until year-end 2026 if the gain is reinvested within 180 days in a Qualified Opportunity Fund.

​•  Reduction of capital gains: Capital gains liabilities are reduced by 10% if held for longer than five years and less than seven years.  Capital gain liabilities associated with the sale proceeds are reduced by 15% if Opportunity Zone investments are held for at least seven years.​

•  Tax exemption/elimination: Investors pay no capital gains tax on new gains generated by a Qualified Opportunity Fund if held for more than 10 years.

This is a new and unique tax advantaged real estate investment opportunity that does not come along often.  It offers the investor significant tax savings, the chance to diversify their traditional  stock and bond portfolios, and the ability to grow their wealth tax free for future generations.

About Sanctuary Opportunity Funds

Headquartered in Charleston, South Carolina, the private alternative investment company specializes in opportunity zone real estate, property, and businesses.  Sanctuary's investment cycle is managed 100% in house, partnering with some of the most well respected pillars of our community.  We provide our accredited investors with peace of mind, complete transparency and an unwavering commitment to integrity.

Learn more at https://sanctuaryopportunityfunds.com

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