What Properties Do Not Qualify for GO Zone Tax Treatment?
June 30, 2008
The following properties do not generally qualify for GO Zone tax treatment: Read more
What tax benefits are granted to a GO Zone?
June 28, 2008
The following post was written by our GO Zone tax advisor.
Tax benefits are granted from governmental taxing authorities so as to direct private enterprise activity towards a desired direction. In the case of real estate investing in the GO Zone, taxing authorities wanted to stimulate investment activity predominately through the granting of early recognition of GO Zone depreciation and providing a barrier for that early recognition from the effects of the alternative minimum tax (AMT). Other benefits were also granted. Read more
What are GO Zones and where are they?
June 26, 2008
The GO Zone Act established geographical areas, called Gulf Opportunity Zones (GO Zone), corresponding roughly with the devastation of Hurricane Katrina, Rita and Wilma. The purpose of the legislation, as it relates to real estate, were to establish tax relief measures so these geographical areas could rebuild their infrastructure in the most efficient and effective manner as determined by the Federal government with the acknowledgement that capital to build the infrastructure needed to come from the private sector. GO Zone Gateway has chosen to focus on the Katrina GO Zone alone since it allows the 50% Bonus Depreciation. Read more
Must Mississippi recognize the GO Zone depreciation?
June 24, 2008
Many people want to know if the state of Mississippi must recognize the GO Zone Bonus Depreciation. The answer here, is no. There is no absolute necessity that the tax code of any state must correspond with the federal tax code.
For instance, if you buy a property classified under the GO Zone, and hold it in an LLC, then Read more
GO Zone Real Estate Investment Opportunities
June 22, 2008
After Katrina caused such destruction along the Gulf Coast, the US Congress passed the Gulf Opportunity Zone Act of 2005 also known as the GO Zone Investment act to support people interested in investing in the region. This Act gives investors the opportunity to write off up to 50% of GO Zone depreciation in the first year. This will allow an individual to possible offset all of their taxable income. This creates an unmatched investment opportunity for investors. Read more
Why GO Zone Real Estate Investment?
June 20, 2008
The GO Zone incentives offered by the federal government provide an accelerated depreciation and huge tax benefits on your investment. It’s highly possible that you will be able to deduct 50% of the cost from your tax liability in the very first year. Besides this, the state of Mississippi is also authorized to offer businesses and entrepreneurs additional financial incentives for the development of housing in the region. Read more
Multiple Factors Boosting Investment in Biloxi Region GO Zone
June 18, 2008
It’s not only casinos that are boosting development in the Mississippi Gulf Coast GO Zone. Most industry experts agree that a number of factors including Katrina, will further growth in the real estate environment here. Besides Katrina, there is the ever growing expansion of casino development, as well as job opportunities generated by a growing defense industry in the region. Add to this, the exodus of baby boomers to warm weather areas in this region, and you have the beginnings of a real estate boom that could easily last for up to 5 years. Read more
Biloxi GO Zone Casinos Rake in the Profits
June 16, 2008
There is a silent growth taking place in the casino industry along the Gulf Coast. Revenues are higher than before the hurricanes, stimulated by construction and relief workers who throng the casinos for entertainment. The lack of bars, movie theaters, clubs and malls which remain closed have also contributed to this spurt in revenues. This growth in the casino industry has hundreds of workers migrating into Biloxi to help keep the wheels running. Read more
Why the Mississippi GO Zone?
June 11, 2008
So you are thinking about investing in the GO Zone and are wondering which part of the GO Zone?
When Hurricane Katrina rampaged through the Gulf Coast in 2005, its devastation could be felt in a string of cities in its path. New Orleans, however received the bulk of media attention in the aftermath of the hurricane, and the devastation in the other affected areas like Biloxi, Mississippi was sidelined. Katrina’s impact in Biloxi, the state’s governor reported at the time, was akin to the destruction in Hiroshima after the bombing. Around 90 percent of Mississippi’s oceanfront buildings were destroyed in the hurricane, and casino barges were thrown dozens of miles inland. The Biloxi-Ocean Springs Bridge was almost completely shattered. Read more
GO Zone Gateway FAQs
June 9, 2008
What is GO Zone Gateway? What exactly do you do?
GO Zone Gateway is different from other groups in regards that we do not sign an exclusive agreement with developers. Our goal is to find the best deal in the GO Zone. Most groups are tied to one developer and need to find the reasons why they offer the best investment. The truth is that all investments have their pros and cons. Read more
