Category: News | Opportunity Zones

News | Opportunity Zones and Qualified Opportunity Funds

New opportunity zone rules answer pressing questions

New opportunity zone rules answer pressing questions

from: Grant Thornton  April 18, 2019

The IRS released its second set of proposed regulations implementing the new opportunity zone tax incentives on April 17, and the largely generous rules will make it easier for taxpayers to use asset sales to exit funds and use leased property within a fund, even when leased from related parties.

Opportunity zones were created by the Tax Cuts and Jobs Act to encourage investment in specific geographic areas. Taxpayers investing in qualified opportunity funds (QOFs) can defer and even exclude capital gain if they meet certain requirements. The new proposed regulations (REG-120186-18) clarify parts of the proposed regulations issued in October (Reg-115420-18), and address many of the other significant unresolved questions. Some of the most important developments include: –more–

Five hidden gems in the federal opportunity zone program

Five hidden gems in the federal opportunity zone program

By:
Blake Christian

 

Starwood Capital to Develop First Opportunity Zone Project in the Bronx

May 13, 2019 | The DI Wire

Starwood Capital to Develop First Opportunity Zone Project in the Bronx

Starwood Capital, which manages a Qualified Opportunity Fund, invests in Opportunity Zone Charter School project in the Bronx, NY.  more

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