How the final regulations have changed the Opportunity Zone landscape
March 2020
Overview
Final regulations for Opportunity Zones were released on December 19, 2019. After Treasury and IRS considered over 300 formal comment letters and additional taxpayer feedback, the final regulations provide additional clarity and certainty for investors on a wide variety of issues, from the ability of taxpayers to elect to exclude gain after holding an OZ investment for at least 10 years to the various requirements of a business to qualify under the OZ Program.
The takeaway
The final regulations answer many questions that were impeding both investors and QOF sponsors from advancing under the program; this guidance should encourage more capital to continue to flow into OZs.
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