With a new year comes new developments in the real estate industry. From tax incentives to technology innovations, real estate attorney Anna Eberlin of Holland & Hart forecasts the following trends to watch for in the Treasure Valley in 2019.
Opportunity zones will be a key target for investors.
The added tax incentive created by the 2017 tax reform will continue to encourage investments in low-income census tracts designated as "opportunity zones." With the ability to defer capital gains, investors will continue to invest capital in and revitalize distressed neighborhoods and surrounding communities. Under the current tax code, the investment must be made by Dec. 31, 2019, so this investment tool is expected to be widely used over the next year.
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