Puerto Rico Tourism Tax Incentive
I'm working on cap raise for a 160 acre glamping project in Puerto Rico. We're half funded and working with the local government.
I need a little help on approaching investors. The tourism tax protection incentives are a great way to defer or not pay any capital gains taxes.
The smart play, as I see it, is to get rid of stocks before the market drops and move the money into a tax protected source (ie this project.) After 10 years the investor can realize their gains with nearly zero tax, not to mention the ROI while the funds are working in the resort.
Doea this make sense? Am I missing anything?
