Final Round of Opportunity Zone Rules Unveiled
December 31, 2019
The latest batch of regulations answers lingering questions about how investors can take advantage of the program.
The U.S. Treasury and the IRS have issued the final round of regulations governing Opportunity Zones, firming up guidelines and providing eagerly awaited certainty for investors on outstanding questions two years after the tax incentive program was launched.
The 544-page document reflects input from the investment community following two rounds of proposed regulations in October 2018 and April of this year. The updated rules clarify how and when investors can exclude capital gains from tax by holding the money in a Qualified Opportunity Fund for at least 10 years.