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GO ZONE Accelerated Depreciation Deduction – Time is running out!

GO ZONE Information

Wednesday, September 17th, 6pm PST (9pm EST)

Deal Overview & Conference Call Number:
(Access is by invitation only. You must RSVP with the discount code: “cal carter“)

Re: Gulf Opportunity Zone Act of 2005 (GO Zone)

       50% Bonus Depreciation Available

In December 2005 President George Bush signed the Gulf Opportunity Zone Act of 2005 to assist Gulf States in the recovery from the devastating hurricane season that affected the area.  Multiple counties in Alabama were approved for this designation, including Baldwin County, along Alabama’s Gulf Coast.

One of the key provisions of the act is the Go Zone Bonus Depreciation.  Qualifying properties that are placed into original service after August 28, 2005 may be eligible for 50% bonus depreciation in year 1 of ownership – in addition to the standard 27.5 year depreciation.  Among the types of property designated for this special incentive is residential rental property.  According the act, eligible property must be placed into service by December 31, 2008.

Another benefit of this legislation is the possibility that should the qualifying property create a net operating loss for the year, it may qualify for a special 5-year carry-back (in lieu of the normal 2-year carry-back), possibly entitling the taxpayer to an immediate refund.

With this information, we believe there are tremendous opportunities for individual taxpayers, REITS, corporations, and others to receive benefit from this important legislation by purchasing qualifying real estate in the GO Zone area.  We have identified approximately $150,000,000 in qualifying property that can be purchased in both 2007 & 2008.  Individuals ability to qualify for this benefit may vary and before proceeding we suggest obtaining independent legal and taxation advice.  No representation is made here to the ability of an individual to qualify for this benefit.

Baldwin County’s location in southwest Alabama, along the sugar sand beaches of the Gulf of Mexico and Mobile Bay enabled it to record $242 Million in taxable vacation rentals in 2006.  Baldwin County remains a popular destination for visitors, with first class golf courses, beautiful beaches, unlimited recreational opportunities, and vibrant economy.  Long a favorite vacation destination, Baldwin County has recently undergone a growth surge, with population increases and business relocations that have enabled it to be ranked among the fastest growing counties in the United States. 

With the incredible tax advantages created by the GO Zone Act, premiere destination, growth, and quality of the area, we strongly urge you to explore the limited possibilities GO Zone ownership in Baldwin County may hold for you and your clients.  For additional information, please contact us.

Find GO ZONE Real Estate for sale on the AL Gulf Coast

GO ZONE legislation allows a 50% first year depreciation for qualified investors purchasing qualified properties.

You will notice that our website has information from the IRS regarding the GO ZONE, however we strongly advise all clients to seek the counsel of their CPA or Tax Consultant in regards to an interpretation as to whether they are “qualified investors” and whether the advisor approves the selected properties as being “qualified properties”.

GO ZONE Real Estate Candidate Properties on the Alabama Gulf Coast:

Wednesday, September 17th, 6pm PST (9pm EST)

Deal Overview & Conference Call Number:
(Access is by invitation only. You must RSVP with the discount code: “cal carter“)


September 11, 2008 - Posted by | alabama, Baldwin County, Beach Real Estate, Daphne, Fairhope, fort morgan, GO ZONE, GOZONE, Gulf Coast, Gulf Shores, Mobile Bay, orange beach, Point Clear, real estate, Spanish Fort | , ,

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