Foxdale Management LLC

This posting is intended to provide a summary of some of the relevant regulations issued by the Treasury related to Opportunity Zones on April 17, 2019. Nothing contained in is this posting should be considered legal or tax advice and investors should consult their legal and tax advisors before making any decision to defer capital gains or make an investment in Qualified Opportunity Zone Property or a Qualified Opportunity Zone Business.

The Treasury issued the much anticipated second set of regulations related to investments made in Opportunity Zones under the Tax Cut and Jobs Act of 2017 (the “Act”). The regulations focused on clarifying many terms and provisions of the Act to foster greater certainty among investors looking to pursue investments in Qualified Opportunity Zones (“QOZ”). The regulations update aspects of the previously proposed regulations and to provide clarity on issues such as the requirements for “substantially all” where it is used, transactions triggering in...more