The new Tax Cuts and Jobs Act, (115 P.L. 97) created opportunities for investors to gain tax advantages by investing in projects in designated low-income census tracts across the United States (Opportunity Zones).

Under the new law, an investor can defer capital gains invested in these locations for five years, obtain up to 15% relief from any tax on such gains by holding such investment for seven years, and have absolutely no tax levied on the appreciated value of the investment if held for ten years.

However, the tax relief is subject to a variety of qualifications and failure to properly structure and document such investments can result in a complete disqualification of the tax benefit.What You'll Learn:Opportunity Zone Legislation and Regulation

• Where (Can You Invest)
  
• What (Is the Benefit)
  
• How (Do You Structure and Document an Opzone Investment)

Common Opzone Structures

• Funds vs. Direct Investment
  
• Property vs. Business Investing
  
• Prohibited Businesses

Unresolved Issues Awaiting Guidance

• Safe Harbors (Avoiding Disqualification)
  
• Investment Structures
  
• Property Development vs. Business Development