Qualified Opportunity Zones
The U.S. Treasury issued the much-anticipated second set of proposed regulations addressing the Qualified Opportunity Zone (QOZ) program on April 17, 2019. Members of Ballard Spahr’s Qualified Opportunity Zone team will share an overview of the QOZ program and take a deeper dive into how this second set of regulations will impact investments in real estate and operating businesses in QOZs, as well as offer insight into whether this is enough to get capital gains off the sidelines.
The Tax Cuts and Jobs Act of 2017 created this new program to encourage capital investment and economic development in over 8,700 QOZs selected by each of the states, the District of Columbia and the U.S. possessions. This exciting, evolving program has the potential to provide investors with deferral of tax on gains rolled over into Qualified Opportunity Funds (QOFs) and to eliminate tax on the appreciation on an investment in a QOF.
Join our QOZ team to learn what’s new and what’s not in the QOZ program’s second set of proposed regulations and get answers to your questions on:
- Treatment of Leased Tangible Property
- Structuring QOF Investments
- Satisfying the 50% Gross Income Test
- Expansion of Working Capital Safe Harbor
- Transactions Triggering Recognition of Deferred Capital Gains
- Reinvestment of Sale Proceeds by an Opportunity Fund
This event will be of particular interest to QOF sponsors and investors, real estate developers, LIHTC developers, businesses within QOZs, state and local development authorities, and lenders seeking additional perspective on this source of equity.
This program will be hosted in our Philadelphia office and simulcast to our offices in Baltimore, Salt Lake City, and Washington, D.C. A webinar option will also be offered.