Opportunity Zones: The New Wave of Real Estate Finance

course

COURSE INFO

  • Available Until 12/23/2021
  • Next Class Time 11:00 AM MT
  • Duration 60 min.
  • Format MP3 Download
  • Program Code 06222020
  • MCLE Credits 1 + hours


Course Price: $65.00
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COURSE 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 will review 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

 

Speaker:

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.  He 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.  Mr. Stechel 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.