Tue, Sep 29, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

June 28 deadline looms for investors considering opportunity zones

Thursday, June 27, 2019

Bailey McCann, Opalesque New York:

Investors have a mere 48 hours to defer tax year 2018 gains into opportunity zone investments. Individuals that want to defer taxes from a K-1 flow through entity or 1231 gains by investing in an opportunity zone will need to fund a qualified investment account by June 28. The deadline was included in the most recent opportunity zone guidance issued by the Treasury in April.

The deadline does not mean that investors have to have a specific investment in mind by June 28, there is still time to make those decisions. However, the deferred gains have to be set up in a qualified opportunity zone fund with the intent to be invested through the program. Once the opportunity zone fund is set up, investors have 31 months to source specific investments. A commitment to fund future capital calls does not qualify as a valid opportunity fund investment.

The opportunity zone program gives investors the option to invest through a fund or in individual deals in a qualified area of their choice. Many ultra high net worth investors and family offices are choosing to invest in single opportunities because it is lower overhead than a commingled fund and may dovetail with existing investments or operating companies. In order to participate in one-off deals, investors have to set up a private qualified opportunity zone fund. A handful of law firms and platform providers have stepped in to help investors get set up before the deadline.

Samuel ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing: Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says, Pandora tops world's best-performing market as hedge funds exit, What Bill Ackman is investing in now[more]

    Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says From Business Insider: Credit Suisse on Thursday trimmed its overweight rating for tech stocks, recommending investors be more selective with their sector picks. Crowding in tech giants and the stocks&#

  2. Investing: Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan, Here's what investors with $3.4tn are buying during covid, An energy trader seeks profit from batteries in European markets, Hedge fund ARCM to sell $200m of Premier Oil debt[more]

    Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan Third Point LLC acquired new stakes in Facebook Inc. and Chinese e-commerce companies Alibaba Group Holding Ltd. and JD.com Inc. during the second quarter of 2020 as it divested positions in Sony Corp. and drugmaker

  3. PE/VC: Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise, Aberdeen's Bonaccord teams up with CAZ to buy stakes in private markets managers, The role of private equity in economic recovery from Covid-19[more]

    Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise From Institutional Investor: New research suggests private-equity-owned firms respond differently to financial distress - and that the resulting performance "cannot be replicat

  4. Opalesque TV: Meet a Swiss fund manager who hedges with a difference[more]

    B. G., Opalesque Geneva: There is a quant manager in Zurich that does things a little differently, which has helped a lot so far this year. ICON Asset Management, which was mentioned in the

  5. Franklin Templeton creates new unit with QS Investors[more]

    Laxman Pai, Opalesque Asia: Franklin Templeton will combine recently acquired QS Investors, a Legg Mason subsidiary, with Franklin Templeton Multiasset Solutions (FTMAS) business into a single consolidated unit. Effective Oct. 1, the combined business, called Franklin Templeton Investment Sol