Over 25 area professionals enjoyed an informative panel discussing the latest updates on the Opportunity Zone program, a product of the 2017 Tax Cuts and Jobs Act, created to spur investment in designated low-income communities. The creation of Qualified Opportunity Funds, the vehicle through which such investments are to be made, presents a tax incentive for real estate investors, private equity, venture capitalists, family offices, and individuals. NAI/Merin Hunter Codman was happy to host the event at our West Palm Beach office on Wednesday, November 28th.

Panelists from NAI/Merin Hunter Codman (Neil Merin), EisnerAmper (Steve Kreinik), Shutts & Bowen (Logan Gans) and UBS (Scott Martinho) discussed:

  • Qualified Opportunity Zone designations in South Florida
  • QOF qualification
  • Deferral of gains and basis step-ups
  • Updated guidance from Treasury and IRS
  • QOF interaction with other tax incentives
  • State tax implications

Enjoy pictures below. For more details on the Opportunity Zones program please contact Christopher Smith at 561-614-4007 or email him at csmith@mhcreal.com.

 

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