Gunster shareholder Alan S. Lederman recently authored a piece on Bloomberg Tax on how opportunity zone houses require substantial improvement.
In the article, Lederman answers one of the more common questions concerning qualified opportunity fund programs:
Can a single-family house located in a qualified opportunity zone that is converted into a business without substantial rehabilitation be considered a qualified opportunity zone business property?
Alan S. Lederman is a Gunster shareholder and practices Tax Law in the firm. He holds vast experience in most aspects of income tax planning and income tax controversies, including those related to international transactions. Lederman’s clients range from major multinational corporations to local businesses. As a nationally known author, his law review articles have been cited frequently by both government agencies and private practitioners.
Read the entire Bloomberg Tax article here.
