Kushner’s family company plans to buy another property in a New Jersey beach town where developers can get big tax breaks thanks to a new federal program pushed by Kushner and his wife, Ivanka Trump. The Kushner Cos. has given no indication that it plans take advantage of the tax breaks for its properties. Property values have been rising in zones since the law was passed, a possible benefit to the Kushners even if they do not take advantage of the tax breaks. It recently announced it is launching a series of funds to invest in Opportunity Zones projects. Under the Opportunity Zone program, developers who put capital gains from stock sales and other investments into zone properties and businesses can defer federal taxes on capital gains up to 2026, then get a big discount when their bill comes due.

Source: Washington Post December 21, 2018 00:11 UTC