Articles in Real Estate

New Opportunity Zones Guidance from IRS Clarifies Key Provisions of Program

Posted

From its recent inception, the Qualified Opportunity Zone program has generated a lot of interest from potential investors, but many have waited until receiving further guidance from the Internal Revenue Service about how, exactly, a variety of aspects of the program will be handled. As of April 17, 2019, the waiting is over, with the second – and apparently final Read More

GDPR ONE YEAR ON – AN IRISH PERSPECTIVE

Posted

25th May 2019 marked the first anniversary of [General Data Protection Regulation (EU) 2016/679] (the “GDPR”).   The GDPR governs the processing of personal data of EU data subjects.  It modernised and sought to harmonise the collection of previous data protection laws in Europe in a way which enhances a data subject’s rights and at the same time emphasises transparency, security Read More

Landowners’ position may be strengthened following recent decision regarding Telecoms Code

Posted

Following a significant change in the rules governing telecoms operators at the end of 2017, there have been several decisions issued by the tribunals on how the new (UK-wide) rules should be interpreted. A recent case report provides some helpful guidance on points that may affect landowners’ negotiations and contracts with telecoms operators, most notably on the way rents for Read More

Opportunity Zone Update: New Proposed Regulations Released

Posted

The United States Treasury Department released on Wednesday long-awaited new proposed regulations (“New Regulations”) to the Opportunity Zone Program, a tax incentive program created by the Tax Cuts and Jobs Act of 2017. The Opportunity Zone Program was designed to increase investment in certain economically distressed communities designated as “Opportunity Zones” by providing tax incentives to investors that reinvest gains Read More

Changes to the Land and Buildings Transaction Tax (LBTT) rates and thresholds

Posted

This article on changes to LBTT rates and thresholds by Tim Macdonald from our Rural team features in the next edition of Land Business, Scottish Land and Estates quarterly magazine. January saw significant changes to Land and Buildings Transaction Tax (LBTT) rates and thresholds, the first since the tax came into force in 2015. The changes took effect on 25 Read More

2019 FINDS COMMERCIAL AND RESIDENTIAL REAL ESTATE OWNERS UNDER NEW LAWS AND REGULATIONS

Posted

State and local lawmakers and regulators in California were busy in 2018, and as such there are about a dozen new statutes and regulations critical to owners of commercial and multi-resident real estate as well as common interest communities. From building inspections to wetlands regulations, and from landlord-tenant issues to parking regulations, parties affected by these new statutes and regulations Read More

NEW INSPECTION REQUIREMENTS IMPOSED ON SOME MULTI-FAMILY BUILDING OWNERS

Posted

Owners of multi-family buildings, beware! A new law that went into effect in September 2018 imposes new requirements regarding inspections, reporting and repairs that could result in significant penalties and even property foreclosure for non-compliant owners. This new law (SB 721) affects owners of multi-family buildings containing at least three units and featuring an exterior elevated element with a load-bearing Read More

Holding Redlich: 2018 year in review – the top issues and where to next

Posted

As 2018 rapidly draws to a close, our practice group experts take a magnifying glass to the top issues from the year - and outline what they expect to dominate in 2019. We examine the key issues in: Competition & Consumer: A review of the ACCC's actions this year in relation to its 2018 enforcement priorities Construction & Infrastructure: A year of Read More

Opportunity Zone Program Offers Attractive Tax Benefits for Long-Term Investors

Posted

The Opportunity Zone program was created as a provision of the Tax Cuts and Jobs Act of December 2017. The program was developed with the intent to help encourage investment in economically distressed communities – called qualified opportunity zones (QOZs) – by allowing taxpayers to invest realized capital gains in qualified opportunity funds (QOFs). Investors in QOFs are granted both Read More

A New Zone of Opportunity – Worth the Investment

Posted

It’s no secret that last December, President Donald Trump was undertaking significant efforts to have the Tax Cuts and Jobs Act of 2017 (“Act”) passed by Congress. Like other major federal legislation reform efforts that had come before it, the Act included certain provisions establishing new (or revising existing) programs that many simply were not aware of, or with which Read More