Sentences with phrase «treated as a residence»

Not exact matches

The hukou registration system that ties people to their place of ordinary residence deprives migrant workers of rights to welfare, education or property, and prevents them from launching businesses in the cities, where they are treated as second - class citizens.

It needs be noted that the Constitutional Court, with reference to integration, ruled that recognised refugees can not be treated «as permanent residents because they are not in the same [legal] circumstances for the simple reason that they have yet to meet the requirements for permanent residence».21 The requirements include an onus placed on a refugee applicant to provide compelling reasons demonstrating that he / she will remain a refugee indefinitely, subject to an approval by the Standing Committee for Refugee Affairs (SCRA).

If you are going to treat it as the sale of principal residence, make sure you act soon.

And since appellants concede that the purchase and sale of their residence was not carried out by a QBU, the district court properly rejected their plea to treat the pound as their functional currency.

If you move out and rent your home, you can continue to treat the house as your principal residence for four additional years, or possibly more if you move as a consequence of a change of your place of employment with your employer.

Other states treat any primary residence you own as your homestead whether you designate the title or not.

The right, available in most states and in the bankruptcy process, to treat your residence as exempt property that can not be sold to satisfy the claims of unsecured creditors.

I prefer to treat the mortgage on my primary residence as my bond allocation.

In other words, a sale of a residence may be given split treatment; a portion may be treated as held primarily for investment, (which portion would be eligible for exchange under Section 1031), and a portion that would be treated as the taxpayer's principal residence.

First, a taxpayer may have property that is treated as investment property as of the date of the sale, but had previously used it for a principal residence two or more years during the previous five years.

In Revenue Procedure 2005 - 14, the Internal Revenue Service explains how a taxpayer may treat property that would qualify for the Section 121 home sale exemption as partially investment property and partially principal residence.

So rental properties, cottages, vacation properties, etc. may be subject to capital gains tax if they don't qualify or you don't elect to treat them as your principal residence — even if they're in another country.

You could treat the cottage as your principal residence, with the transfer to your stepchildren therefore being tax - free.

You may also be limited in doing so if you had a previous principal residence that you sold during the time you have owned the cottage and you treated it as your principal residence, with no capital gains tax payable.

It may make sense to elect for one or the other to be treated as your principal residence between you and your ex to generate the smallest tax liability.

The benefit of treating a boat or RV as your primary residence, is to take allowable homeowner tax deductions that can decrease your overall tax bill.

But treating your primary residence as an investment apparently is what that comment means.

I would not treat your primary residence or a vacation home as an investment.

As an alternative, use your Elite Credits in the Signature Marketplace to book international travel and additional vacation treats at Grand Residences and Royal Resorts.

In 1972, Brigadier The Hon. David Thomson, MC, RL, (later Federal Minister for Science & Technology), acquired the property and operated «Reef House» as a private residence with visitors treated as personal guests.

By virtue of S. 1 Wills Act 1967, «a will shall be treated as properly executed if its execution conformed to the internal law in force in the territory where it was executed, or in the territory where, at the time of its execution or of the testator's death, he was domiciled or had his habitual residence, or in a state of which, at either of those times, he was a national.»

If your residence status differs from that of your spouse or civil partner, you can choose to be treated as single people for tax purposes if it is more beneficial.

I think more people in this segment of our market treat their primary residence as a sanctuary rather than a utilitarian home.

It is not uncommon for a taxpayer to convert property from one use to another such as converting a primary residence into investment property by moving out of the property and begin renting it out or using it in his or her business, or by converting an investment property into a primary residence by moving into the property and treating it as his or her primary residence.

The subject property must have been held, used and treated first as your primary residence and subsequently as an investment property or used in your trade or business.

We close non-owner occupied loans sometimes and treat them as REG Z loans, due to funds from the non-owner loan being used to buy out a spouse, send a child to college, or purchase a residence.

As seen here in the designer's own kitchen in his previous New York residence, treating the center island as a piece of furniture and picking a beautiful item with a mix of materials and components gives the space a personal and unique feeAs seen here in the designer's own kitchen in his previous New York residence, treating the center island as a piece of furniture and picking a beautiful item with a mix of materials and components gives the space a personal and unique feeas a piece of furniture and picking a beautiful item with a mix of materials and components gives the space a personal and unique feel.