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Related to residence: place of residence


The place where a person lives most of the time. A residence may be eligible for certain tax breaks. For example, one may be able to write off the interest on a mortgage on a primary residence. Various rules exist to determine what constitutes one's residence for tax purposes.


The place where one lives.

References in periodicals archive ?
In Nova Scotia and Prince Edward Island, the bishop's residence is called Bishop's Lodge and is located in downtown Halifax next to All Saints' Cathedral.
We are seeing new urbanism emerge in South Florida with the rebirth of quality residences within city centers and buyers' strong desire to live, work, play and shop--all within close proximity," said Jorge Perez, chairman and chief executive officer of The Related Group of Florida--one of the Largest and most innovative residential developers in the state.
A "qualified individual" is the taxpayer, the taxpayer's spouse, a co-owner of the residence or a person whose principal abode is in the same household as the taxpayer.
To search a residence for evidence of a crime, an officer must have probable cause to believe that the evidence is inside the home.
With these newly constructed residence openings and the acquisition of four residences in Wisconsin, the Company currently has a total of 76 residences operating in 11 states with an aggregate capacity of 3,178 residents," Lasky stated.
One hundred and sixty-one staff persons employed within either a unionized residence (n= 64) or non-unionized residence (n= 97) completed a survey form.
W Hoboken Hotel & Residences, a 26-story building with 225 hotel rooms and 36 condominium residences starting on the 18th floor, is bringing sweeping cityscapes and luxurious hotel amenities to downtown Hoboken.
Under this method, taxpayers can use the contract price for repairs to their residence to determine the decrease in FMV of their personal residence.
Taxpayers not meeting the strict occupancy and use requirements described above still may qualify for a reduced maximum exclusion if the residence sale or exchange was due to a change in place of employment, health or unforeseen circumstances; final regulations issued in 2004 explain how and when sellers may qualify and provide safe harbors.
This election is made by filing a return for the tax year of the sale or exchange of the taxpayer's principal residence that excludes the gain from gross income.
New York,(2) the Court held that if the arrest involves an entry into the suspect's private residence, an arrest warrant is necessary--absent an emergency or consent--to justify that entry.
121-3(c)(1) and (2), a sale or exchange is by reason of a change in place of employment if it occurs when the taxpayer owns and uses the property as a principal residence, and the qualified individual's new place of employment is at least 50 miles farther from the residence sold or exchanged than was the former place of employment.