Qualified Opportunity Funds: A Work in Progress
In December 2017, the Tax Cuts and Jobs Act created a new tax incentive for investments in low-income communities. Under the Act, investors can obtain substantial tax benefits by investing otherwise taxable gains in new investment vehicles called Qualified Opportunity Funds (“QOFs”) that invest in opportunity zones. The below Client Alert summarizes the tax benefits and requirements associated with investments in opportunity zones and discusses several structuring issues for investors and sponsors as we await a second anticipated round of proposed regulations.
PDF of Client Alert: CLIENT ALERT: Qualified Opportunity Funds: A Work in Progress
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Our Tax Practice draws on a wealth of experience representing financial institutions, fund sponsors and strategic company clients of all sizes and across all major industries, in domestic and cross-border transactions, to provide creative, tax efficient solutions to complex tax problems and challenges.
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Our Investment Funds and Advisers Practice provides all-encompassing legal services to investors and sponsors in the alternative asset space. Our clients include investment advisers – registered and unregistered, domestic and international – and asset allocators of all sizes, ranging from high-net-worth individuals to asset management arms of large financial institutions.
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