Treasury Department Releases Proposed Regulations on Opportunity Zones and Attendant Tax Forms
The Treasury Department on October 19, 2018 released proposed regulations related to the investment in qualified opportunity zones (“Opportunity Zones”). Designed to spur investment in distressed communities, the 2017 Tax Cuts and Jobs Act created powerful tax incentives for investment in Opportunity Zones, which have now been designated in over 8,000 areas throughout the United States. For information regarding the general aspects of the Opportunity Zone regime, please see our previously released Q&A: The Basics of Qualified Opportunity Funds.
The Proposed Regulations provide guidance on a number of issues related to the Opportunity Zone regime, click the button below to download the full alert.
With decades of experience in structuring private fund vehicles and experts in fund structuring,
real estate and international taxation, the financial services team at Sadis stands ready to guide
you through any concerns relating to structuring of a QOF, executing an Opportunity Zone investment strategy, and handling any tax and commercial considerations. For more information regarding Opportunity Zones, please reach out to one of our practice contacts.