residence

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

residence

The place where one lives.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Nestled in the heart of a thriving Quezon City, SMDC Trees Residences offers the indulgence of a peaceful neighborhood that is near the family's basic needs.
Ottichilo on Thursday commissioned the construction of both the governor's and deputy governor's residences at a cost of Sh150 million.
According to details, Civil Aviation constructed residences for employees in Jameel Abad in Multan, but no employee using these residences, the utility bills of these accommodations were continually paid by the organization.
Most of the residences have servants range in between 10 to 52.
The new openings will take the total number of new hotel rooms being added by Emaar Hospitality Group in the UAE to 3,835 and the number of new serviced residences to 4,249.
Sold branded residences will be managed by the Operator as serviced apartments to the extent and as long as these are kept in the rental pool ("Serviced Apartments").
As an individual or a married couple can only have one home at a time then all the properties cannot all be exempt from tax as their private residence.
The written collaboration with White, Mericle, Jason and Polcin provides documentation and analysis of the evolution of recovery residences; a thorough review of the history of recovery residences is included.
Four Seasons Hotels Inc, a Canada-based company that manages 80 luxury hotels and resorts in 30 countries, has announced five new ocean-view homes at Four Seasons Private Residences Punta Mita, in Mexico.
Before the passage of this most recent legislation, taxpayers who concurrently owned one or more residences and who, at some point in the future, intended to convert a home other than their existing primary residence into their primary residence had the opportunity to exclude $250,000/$500,000 of gain from income on the ultimate disposition of these residences, provided that the ownership and use time requirements of Sec.
Did you know that Canada has seven official residences? The federal government provides these special homes to important political leaders, including:
The glass tower at 10 West End Avenue was designed by SLCE Architects with 173 residences.