Martin LLP is a trusted advisor to local and national clients on corporate, litigation, and real estate matters. As a sophisticated law practice, we are particularly valued for our relationships with growth companies and their private equity investors in those businesses. With a proactive approach, we partner with our clients, anticipating their needs and providing practical advice focused on maximizing the value of their business opportunities.

  
November 2018
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November  2018 - Client Alert 

Opportunity Zones - A Road to Realizing Capital Gains Benefits by Investing in Low- Income Communities 
The Tax Cut and Jobs Act, which became effective last year, included provisions that allow for the deferral (and possible reduction or exclusion) of an unlimited amount of capital gains on sales of appreciated property where the gains are timely invested in newly-designated low-income communities known as "qualified opportunity zones." The Department of the Treasury and the Internal Revenue Service recently released proposed regulations and other materials providing guidance on this new program. The opportunity zone program is designed to spur economic development and job growth by encouraging capital investment in over 8,700 low-income and distressed communities across the country.
 
This Client Alert provides a high-level overview of the new law and regulations, the purpose of the opportunity zone program, how it works, including the potential tax benefits to investors, and some key terms you will need to understand.
 
Please CLICK HERE to view the full Alert.

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