The Gravitas Fund is designed to capture the Qualified Opportunity Zone tax benefits made available to investors in the recently passed December 2017 Tax Reform Act. The Act created specially designated geographic districts that allows you to receive substantial tax breaks for investment capital. When the investment is held for 5 years, the tax basis in the original investment is increased by 10%, and after 7 years, an additional 5%. Once the investment is held for 10 years, you will recognize no capital gain income on the appreciation of the asset from the time of the initial investment in the QOZ. In 2018, Sebastian Partners purchased a 135-acre parcel of land, and formed the Gravitas Fund to bring this opportunity to you.
*Sebastian Partners and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
*Subject to strict compliance with the IRS & Treasury Department Rules and Regulations.