GO Zone Tax Incentives Extended to 12/31/2011

Few investors are aware they can receive significant tax incentives in the form of bonus depreciation if they acquire new homes in GO Zone (Gulf Opportunity Zone Act of 2005, extended in 2010) designated areas.  The deadline for investors to take advantage of the GO Zone tax incentives has been extended to December 31, 2011 and is widely expected to be extended for another year beyond that. 

The majority of companies that were developing real estate in the GO Zone pulled out knowing that they tax incentives were scheduled to expire on December 31, 2010.  The few who remained are well positioned to help investors take advantage of the bonus depreciation throughout 2011 and possibly 2012. 

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.