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May 23, 2019

It may soon be easier for firms to spin off R&D-intensive businesses.

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The proposed regulations provide guidance on the withholding requirements for transfers of partnership interests by foreigners.

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On April 17, 2019, the IRS and Treasury Department issued new proposed regulations on the Opportunity Zone program. These regulations supplement an initial set of proposed regulations, which we previously discussed.  Here we summarize the new proposed regulations.

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Key Contacts

 

Adam Blakemore
Partner
T. +44 (0) 20 7170 8697
adam.blakemore@cwt.com

Linda Z. Swartz
Partner
T. +1 212 504 6062
linda.swartz@cwt.com

Jon Brose
Partner
T. +1 212 504 6376
jon.brose@cwt.com

Andrew Carlon
Partner
T. +1 212 504 6378
andrew.carlon@cwt.com

Mark P. Howe
Partner
T. +1 202 862 2236
mark.howe@cwt.com

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