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What are the requirements for property to be treated as QOZBP?

Which requirements need to be reached so my property will qualify as OZ business property?


Answers
  • Maria De Los Angeles Rivera
    August 20, 2020

    The property must be acquired or leased after Dec. 31, 2017, of original use in an OZ, and using substantially all (90%) of the OZ Fund’s holding period of the tangible property. Also, substantially all (70%) of the use of the tangible property must be in an OZ.

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