Opportunity Zones: The New Wave of Real Estate Finance (Live Replay from June 22, 2020)

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Description

In recent tax legislation, Congress created "Qualified Opportunity Zones" which provide substantial tax savings or even the elimination of any capital gains taxes on certain real estate. The U.S. Treasury Department recently released final regulations implanting the law, finally allowing fund sponsors and investors the certainty they need to form funds and place investments.

This program reviews the major tax benefits of Opportunity Zones, the restrictions and requirements imposed by the regulations on these funds, and practical steps in drafting OZ documents.

Tax benefits to real estate investors in Qualified Opportunity Zones
Review of recently released final QOZ final regulations
Choice of entity for QOZ investments – what entities are better suited to the opportunity
Relationship of QOZ benefits to Section 1231 property
Key restrictions imposed by the new law and integrating them into transaction documents
Counseling clients about the tradeoffs involved n QOZ transactions

Contributors

Ira B. Stechel

Ira B. Stechel is a partner in the New York City office of Akerman LLP and has more than four decades experience representing clients in complex tax planning, controversy, and employee benefit matters. His experience includes structuring tax efficient transactions and representing taxpayers involved in tax disputes and controversies before various taxing authorities at the federal, state, and local levels. He advises on corporate and real estate transaction work.

Ira is a member of the ABA Section of Taxation Committee on Real Estate, among other committees, and a member of the advisory board of Bloomberg BNA Tax Management, Inc.

Ira earned his B.A. from the City College of New York, his J.D. from Cornell Law School, and his LL.M. from New York University.

Click here for more information about Ira.

Thank you

Description

Contributors

Ira B. Stechel