The final IRS Regulations released December 19, 2019 modify and clarify some of the previously proposed regulations, and retain most of the previously proposed regulations, for real estate investors and developers in Opportunity Zone projects. The IRS Release of the final Opportunity Zone regulations – consisting of 350 pages of…
JMBM’s Investment Capital Law Group is pleased to announce that Catherine DeBono Holmes, Chair of the Group, will participate as a panelist for PLI’s 21st Annual Commercial Real Estate Institute. Date: November 7-8, 2019 Place: Live in San Francisco or via Webcast Cathy will participate on the panel focusing…
By Catherine Holmes, Brad Cohen and Jamie Ogden The latest IRS Proposed Regulations Released April 17, 2019 provide greater flexibility to real estate developers seeking capital from investors for Opportunity Zone projects. Some of the problems posed for real estate developers and others under the new Opportunity Zone (“OZ”) tax…
Recent posts on the Investment Law Blog have focused on Opportunity Zone Funds, a new source of financing for real estate development projects, created by the Tax Cuts and Jobs Act of 2017. While these articles have focused broadly on real estate investment, I recently spoke with Bryan Wroten of…
By Catherine Holmes, Brad Cohen and Guy Maisnik On October 19, 2018, the IRS issued the first set of proposed regulations and a New Revenue Ruling on new Internal Revenue Code Section 1400Z-2 governing Opportunity Zone investments. Under the new Opportunity Zone tax law, taxpayers who realize taxable capital gains…
by Catherine DeBono Holmes and Bradford S. Cohen Real estate developers have a new source of investment for their development projects, created by the Tax Cuts and Jobs Act of 2017 A new tax incentive for investment in low-income areas designated as “Opportunity Zones” was included in the Tax Cuts…