Opportunity zones are only in the United States.
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How can I buy a home in An OZ in Australia?
I am a single investor. I’m selling a home and have approximately 700k in taxable capital gain to spend. I’m considering buying a home in Australia and am curious if it makes sense now in 2025. Is it plausible that the expiration date will get extended, and does holding it for 10 years still give me the original benefit?
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I am a US lawyer and have no knowledge of any Op Zones in Australia or any such AUS laws. Without research, I doubt buying any residence for a non-business purpose would ever qualify, even if in an OP Zone. The US law requires a business investment, a ten-year hold, and a substantial improvement. No personal residence in the USA would qualify for tax deferral.
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