IRS Releases Regulations for Opportunity Zones. The U.S. Department of Treasury released the final Opportunity Zone Treasury Regulations last week. According to Russell J. Stein at Partridge Snow & Hahn LLP, the much-anticipated regulations are extensive and provide clarity into the working of the Opportunity Zone tax rules.
Opportunity Zones have become topics of interest among institutional investors. The passage of the 2017 Tax Cuts and Jobs Act pushed through opportunity zones as potential long-term investments.
The EquityMultiple platform facilitates real estate investments in Opportunity Zones that come with tax breaks. Investors fed up with the measly returns in the current environment may consider real estate in Opportunity Zones. Qualified Opportunity Zones (QOZ) bring capital to low-income areas while rewarding investors via tax breaks. The investments can trigger economic development in these areas leading to higher employment.