Sentences with phrase «declared as a principal residence»

We'll also assume that up until 2012, the condo was the only property owned and the only property that could be declared as a principal residence.

Not exact matches

There are nuances related to real estate like whether or not a property might qualify as a principal residence, whether a capital gains exemption was declared in 1994 if you inherited prior to that and so on that you also need to consider.

Finally, you could shelter some or all of the profit by declaring the cottage as your principal residence.

The capital gain of $ 60,000 is multiplied by this number and then divided by a ten - year ownership period (assuming you've already declared a different property as your principal residence for 2006).

Would declaring the cottage as her principal residence help?