CLIENT ALERT: Qualified Opportunity Funds: A Work in Progress
April 9, 2019 – 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 attached 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