Sentences with phrase «there as your principal residence»

Not exact matches

But there are other tax deductions you can take on your principal residence or second home — such as property taxes.

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.

Buyers must occupy the home as their principal residence, but there is no requirement on how long they must live in the home.

There are exceptions, but you may re-qualify as a first - time home buyer as long as neither you nor your current spouse have owned a home that you occupied as your principal place of residence during the four - year period before the RRSP withdrawal.

While there are valid arguments at this time as to whether one should rent or own their primary residence given the absurd amount of debt most are carrying on their principal residence along with artificially cheap money and the boomer influx about to hit the real estate markets across Canada over the next few years it would seem you are okay in that area.

You can be eligible for this program if you move into the property as your principal residence within 60 days of closing and live there for at least a year.

If the property qualifies as the deceased's principal residence there may be additional tax consequences.

For tax purposes, there is no minimum period for which you have to own or inhabit the property in order for it to qualify as your principal residence.

There are 5 residences located across the estate, as well as one - bedroom retreat villas located adjacent to Ojas, one of the estate's principal wellness areas, and two - bedroom retreat villas, situated nearby.

Hybrid Adjustable - Rate Mortgage Loans — For adjustable rate loans secured by a principal residence in which there was an introductory fixed rate period, otherwise defined as a «hybrid adjustable rate mortgage» under the Act, a six - month advance notice requirement was added to inform the consumer of the upcoming reset of the interest rate.

To receive the property inspection waiver eligibility is limited to a maximum of 80 % loan - to - value on one unit properties (no condos as I understand the rule), principal residences or second homes only, and there was a prior appraisal collected in the Fannie Mae database from a previous loan transaction.

Under the Taxpayer Relief Act of 1997, a residence can qualify as a principal place of business when it is used to conduct administrative or management activities if there is no other fixed business location.