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GO Zone Act - Gulf Shores & Orange
Beach, Alabama
Gulf Opportunity Act - Legislation passed to Stimulate
Activity in the Katrina affected Areas of AL, MS, LA!
Want
to Reduce Future Taxes? AND Recapture Past Taxes?
The
GO ZONE ACT
allows Qualified Buyers* to purchase property on the
Gulf Coast with BIG
tax incentives
HOW WILL PURCHASING PROPERTY IN THE GO
ZONE BENEFIT ME?
*Reduce future Taxes by Depreciating qualified property by 50%
in the first year!
*THEN, Recapture past taxes from either 2 or 5 years ago!
*Finance up to 22% of investment property with tax savings
*Own
a slice of paradise on the Alabama Gulf Coast!
*Rental Income!
*Appreciation!
WHO QUALIFIES FOR THE GO ZONE?
*Qualified Buyer = A person that can log at least 750 hours a year
in some sort of real estate activity. This can be a real
estate agent, a homemaker that manages the family's rental property,
a developer, investor, etc.
WHAT PROPERTIES QUALIFY FOR GO ZONE?
Investment property in Katrina
affected areas of Alabama, MS, & LA. Properties must be "first use" of rental homes, rental condos,
commercial properties, development projects. (First use = first time put in a rental program
with no more
than 14 days of personal use.)
WANT TO KNOW MORE?
ASK ME!
Based on your individual interest & budget, I can send you GO Zone
qualified properties which can
include rental condos, rental homes, commercial properties, development
opportunities. I can also
email you a packet to take to your CPA! Furthermore, I can give you the
name of a CPA that is well
versed on the GO Zone.
FACT
This tax law has an expiration date!
WAIVER
I'm
not a CPA so please check EVERYTHING out with a qualified CPA
professional. In other words, don't take my word for it!
OTHER RESOURCES
Go Zone Seminar 3-28-06
(.ppt) Power Point Slide Show presented by Horne LLP, CPA's &
Business Advisors.
www.horne-llp.com
Go Zone Act Introduction (.pdf)
- by Regions / Morgan Keegan
Simple Breakdown of Hurricane Tax Acts
(.pdf)
Go Zone Basics (.pdf) - by
O'Sullivan Creel, LLP, CPA's & Consultations
Opportunities for Tax Exempt Financing
(.pdf) - by Hand Arendall LLC - Lawyers
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