• LinkedIn - White Circle

©2019 BY OPPORTUNITY ZONE LAW

DISCLAIMER

The foregoing has been prepared for general information. The information, comments, and links posted on this blog do not constitute legal advice and should not be acted upon without obtaining independent legal advice. No attorney-client relationship has been or will be formed by any communication(s) to, from or with the blog and/or the blogger. For legal or tax advice, contact an attorney at HunterMaclean or an attorney actively practicing in your jurisdiction. Do not send any confidential or privileged information to the blogger; neither HunterMaclean nor the blogger will assume any liability or responsibility for it. If you submit any information, documents, or materials to the blog, you permit the blogger to include them on or in the blog. No information, documents, or materials you send to the blog will be considered confidential or privileged by the blogger or HunterMaclean. Also, no such information, documents, or materials will be returned to you. All decisions relating to the content belong to the blogger. This blog may be considered advertising under certain rules of professional conduct.

Second Set of Opportunity Zone Regulations Published!

April 17, 2019

The IRS posted the much anticipated second (of likely three) tranches of regulations for the Opportunity Zone Program on April 17, 2019.

 

My initial assessment is that this second set of regulations favorably answers many of the questions that have been holding back investment and that we will begin to see more and more deals come together through the remainder of the year. 

“...this second set of regulations favorably answers many of the questions that have been holding back investment and that we will begin to see more and more deals come together through the remainder of the year.”

The guidance is particularly helpful to operate businesses, leased property, and vacant land that can be utilized in a trade or business. 

Joey Strength is a partner at HunterMaclean, practicing primarily in real estate and development law, estates and trusts, and business transactions. He is a trusted advisor to his clients, ranging from individuals to publicly traded companies, and provides them with quality legal representation and advice across various areas. Joey strives to understand his clients’ personal and business needs to find creative solutions to their legal problems.

 

Joey is a proponent of the Opportunity Zone legislation that was included in the 2017 Tax Cut and Jobs Act and has represented HunterMaclean in a national working group of attorneys, accountants, developers, and others who have collaborated to provide input in the regulatory process. He is currently working with a number of clients who are considering how they might benefit from the program and enjoys sharing about the program with others.

RETURN TO BLOG

Please reload

Recent Posts

Please reload

Archive

Please reload

Tags