Category: Real Property Law, Business Law
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Qualified Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act in order to spur economic development and job creation in distressed communities throughout the country by providing tax benefits when investing eligible capital in these communities. Investors may defer tax on eligible capital gains by making an appropriate investment in a Qualified Opportunity Fund and meeting other requirements. In addition, this new legislation modified the rules for Section 1031 Exchanges.
Join the SSCBA Real Property and Business Law Section and its highly knowledgeable and experienced panel for a lively discussion on:
-The adoption of this new law and the regulations developed by the IRS to implement it.
-What are Qualified Opportunity Zones (QOZs)?
-What are Qualified Opportunity Funds (QOFs)?
-What are the tax benefits relating to a QOF?
-What types of investments satisfy QOZ requirements?
-How were Section 1031 Exchanges modified under the new law?
-How do Opportunity Zone investment opportunities and 1031 Exchange transaction opportunities complement each other?
-Identifying the types of investment opportunities that qualify for QOF treatment.
-Guidance for working with local governments on QOF investments.
-Practical experiences in forming QOF investments.
-Advising clients on the pros and cons of investing in QOFs and/or Section 1031 Exchanges.