What PE Attys Need To Know About Opportunity Zones
By Benjamin Horney (January 10, 2019, 3:25 PM EST) -- Private equity players are interested in the tax advantages of the opportunity zones set out by the new tax plan, and attorneys hoping to capitalize by landing related work should become educated on how such funds are formed and exactly what the incentives are.
Opportunity funds promise investors preferential tax treatment when they invest capital gains into certain economically distressed areas in the U.S. As part of last year's tax bill, the U.S. Treasury Department designated 8,764 census tracts as opportunity zones, meaning there are plenty of places in which investors can look to direct their money in order to seek...
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