Real Estate Implications of the One Big Beautiful Bill Act: Challenges and Opportunities
Qualified Business Income and Production Property Deductions, REITs, Bonus Depreciation, Qualified Opportunity Zones, and More
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will review the key real estate tax changes found in the One Big Beautiful Bill Act (OBBBA). The panel will highlight the relevant provisions from the Act impacting real estate sponsors, owners, developers, and investors and provide guidance on navigating these changes and requirements going forward.
Outline
- Introduction: OBBBA overview and history
- OBBBA's implications for the real estate industry and investors
- Business interest limitation based on EBITDA
- Qualified business income deduction
- Immediate expensing of qualified production property
- Bonus depreciation
- Increased limitation for expensing certain depreciable assets
- Renewed and expanded QOZ program
- REIT asset test
- Changes to real estate tax credits
- Other notable provisions
- Provisions excluded from the final act
- Best practices for assisting clients with the new requirements
- Practitioner takeaways
Benefits
The panel will discuss these and other key considerations:
- How does OBBBA extend or modify the real estate-specific provisions of the TCJA?
- What OBBBA provisions are aimed at the real estate industry, and what opportunities and challenges do they present?
- What tax provisions remained unchanged with the recent legislation?
- How can owners, investors, and developers take advantage of these new tax credits and incentives?
Faculty
Paige Anderson
Partner
Vinson & Elkins
Ms. Anderson’s practice focuses on the federal income tax aspects of business transactions, particularly in the... | Read More
Ms. Anderson’s practice focuses on the federal income tax aspects of business transactions, particularly in the real estate industry. She advises REITs, private equity sponsors and investors, and other investors on a variety of tax matters, including the formation of public and private REITs, tax planning associated with equity and mortgage REITs, qualified opportunity zones, capital markets transactions and IPOs, mergers and acquisitions, joint ventures, reorganizations, financings, and tax aspects of foreign investment in U.S. real estate.
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Matthew E. Rappaport, Esq., LL.M.
Vice Managing Partner
Falcon Rappaport & Berkman
Mr. Rappaport chairs FRB’s Taxation and Private Client Groups. He concentrates his practice in Taxation... | Read More
Mr. Rappaport chairs FRB’s Taxation and Private Client Groups. He concentrates his practice in Taxation as it relates to Real Estate, Closely Held Businesses, Private Equity Funds, Family Offices and Trusts & Estates. He advises clients regarding tax planning, structuring, and compliance for commercial real estate projects, all stages of the business life cycle, generational wealth transfer, family business succession, and executive compensation. Mr. Rappaport also collaborates with other attorneys, accountants, financial advisors, bankers, and insurance professionals when they encounter matters requiring a threshold level of tax law expertise. He is known for his work on complex deals involving advanced tax considerations, such as Section 1031 Exchanges, the Qualified Opportunity Zone Program, Freeze Partnerships, Private Equity Mergers & Acquisitions, and Qualified Small Business Stock. Mr. Rappaport has served as a trusted advisor for prominent real estate funds, executives of multinational corporations, venture capitalists, successful startup businesses, ultra-high net worth families, and clients seeking creative solutions to seemingly intractable problems requiring tax-focused analysis.
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Sharon Shachar
Partner
Ballard Spahr
Ms. Shachar is a lawyer with a wealth of diverse multinational tax experience. She guides clients through tax issues in... | Read More
Ms. Shachar is a lawyer with a wealth of diverse multinational tax experience. She guides clients through tax issues in real estate and mergers and acquisitions transactions as well as in partnership, Real Estate Investment Trust (REIT), Unrelated Business Taxable Income (UBTI), and other tax matters. Throughout her career, Ms. Shachar has developed and implemented innovative tax strategies that help clients leverage opportunities and meet strategic and business goals. She advises on the tax aspects of mergers and acquisitions, divestitures, restructurings, tax-free reorganizations, leveraged buyouts, debt financings, and joint ventures. Ms. Shachar advises clients on the formation of private equity funds, partnerships, limited liability companies, and S corporations, and counsels on real estate transactions, including Qualified Opportunity Zone investments. In addition, she has extensive experience advising domestic, international, and multinational clients on structuring and operational considerations of cross-border investments and business transactions.
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