Blog

Opportunity Zones Newsletter Week of August 5, 2019

Opportunity Zones: Establishing and Maintaining Compliance

Rules governing the OZ incentive are new, and can be complicated.

“Taxpayers must be vigilant in structuring investments and in monitoring ongoing compliance. Taxpayers are wise to adopt procedures for continual monitoring and should not hesitate to lean on professionals who have the necessary expertise to assist them.”

READ THE FULL NOVOGRADAC ARTICLE

As Incentives Flourish, Investors Rush into Opportunity Zones

“Opportunity Zone legislation is just too attractive for investors to sit and wait for the government to issue more guidelines around the practice.”

Market players say the mad dash to invest in OZs right now comes from a combination of soaring property prices in these zones and a rush to grab willing investors. Still, some suggest the program is in need of clarification.

READ THE FULL BISNOW ARTICLE

NASAA Releases Investor Alert on Opportunity Zone Funds

North American Securities Administrators Association on what investors should ask before buying in.

“While the short- and long-term tax benefits are attractive, Opportunity Zone investments are still risky. An investor could avoid a capital gains tax only to lose their entire investment in the QOF,” the alert explains.

READ THE FULL THINKADVISOR ARTICLE

Opportunity Zone Investors Get Creative to Beat Tax Perk Deadline

The “substantial improvement” requirement is onerous… but investors are already considering workarounds.

OZ investors are considering, and suggesting to their advisers, ways to lower the building’s starting value on paper — perhaps by shifting some of the value to the land itself, which doesn’t need to be “improved.”

READ THE FULL BLOOMBERG TAX ARTICLE

NES FINANCIAL OZ NEWS

Meet One of the NES Financial OZ Webinar Speakers

Opportunity Zones Q&A with Hotbed Entertainment Group’s founding partner Seth Dunlap.

On August 14th, we’ll be speaking with an all-star lineup of OZ industry experts during our Q3 Opportunity Zones webinar. In this short Q&A, we speak with Seth Dunlap about his experience building an OZ operating business, and Hotbed’s vision of social impact.

READ THE FULL NES FINANCIAL ARTICLE

NES Financial: The leader in Opportunity Zone fund administration.

Based on our industry-leading experience in other specialized financial markets, we’ve developed the first purpose-built Opportunity Zone Fund Administration Suite — designed to minimize risk and maximize investor confidence.

LEARN MORE ABOUT HOW NES FINANCIAL’S OZ FUND ADMINISTRATION SUITE COULD HELP YOUR FUND.