4 Questions New Opportunity Zone Regs Answer For PE Attys
Law360 (May 3, 2019, 1:13 PM EDT) -- The U.S. government's newly proposed opportunity zone regulations clarified a number of issues pertinent to private equity players, including how to handle multi-asset vehicles and the details behind deferring tax on capital gains reinvested in a qualified opportunity fund.
The 169-page set of proposed regulations, released by the U.S. Department of the Treasury a few weeks ago, provided additional guidance on how investors can roll over deferred gains into property and businesses located within economically distressed areas that were designated as opportunity zones as part of last year's tax legislation.
The new guidelines did not answer every lingering question on the...
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