And what happens if I lease from my brother?
You can lease from a related party, provided the lease is at arm's length and does not have any prepayments. The leased property must be used in a QOZB's trade or business. Generally, QOFs are not able to lease under the statute. A QOZB's lease must not be designed to circumvent the original use or substantial improvement requirements, so if the QOZB will be master leasing real estate, expect to develop or renovate that real estate in accordance with statutory guidelines.
It is totally allowed.
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