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Main Home
(redirected from Main Homes)

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Main Home
The place where one lives most of the time. The main home is important to persons who own multiple properties because vacation homes and investment properties are taxed differently than the main home. In particular, one is not required to pay capital gains tax on the sale of a main home, provided one then buys another main home of equal or greater value. A main home is also called a principal residence.
Main Home
See "principal residence," defined elsewhere in this glossary.
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It is alleged they said their main homes were not in London to claim a pounds 174-a-day allowance.
Expense 'lie' peers facing suspension; POLITICS by The Mirror (London, England)
He was accused of claiming subsistence costs only available to peers whose main homes are outside London, despite his main residence being in the capital.
Lord Paul faces expenses probe by Daily Post (Liverpool, England)
The Green Book's full guidance to MPs on main homes reads: "The location of your main home will normally be a matter of fact.
O'Brien: I acted in best interest of the taxpayer; EXPENSES: North ... by Coventry Evening Telegraph (England)
 
 
 
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