Lisa Knee
One big unknown for Opportunity Zone investors is the definitionof substantial improvement. The regulations call for buildinginvestments to have substantial improvements made to them inkeeping with the spirit and intent of the regulation.
But when you get down to the nitty gritty, a definition isnecessary. Lisa Knee, partner and co-leader of accounting firmEisnerAmper's Real Estate Practice Group, explains that there aredifferent ways to look at expenditures under the tax law, which iswhy a definition for substantial improvement is so crucial.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
