residence


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Related to residence: place of residence

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.

residence

The place where one lives.

References in periodicals archive ?
'The governor is focusing on the completion of the teaching and referral hospital, Bukhungu stadium and actualisation of dairy and tea factories as well as supply of electricity and water to residents - but not the residence,' Rayori said.
Moreover, the maintenance charges of these residences cost provincial exchequer Rs10.41 billion every year.
As many as 49,208 citizens of Azerbaijan, 41,000 citizens of Turkmenistan and 30,657 citizens of Uzbekistan received residence permit in Turkey during the reporting period.
As a residential developer targeting the middle and upper class segments, Jababeka Residence is committed to deliver the units on time.
Addressing a press conference, Chris Newman, corporate director of operations at Emaar Hospitality Group, said that the high-profile expansion of the company includes the opening of new properties in Dubai, as well as new management contracts to operate hotels and serviced residences in Fujairah in the UAE and Saudi Arabia.
The Developer is willing to sell the branded residences on its preferred terms to the maximum extent possible, for which reason accommodation and balancing of both Operator's and Residence Owners' concerns is the Developer's priority.
Such an election must be made within 24 months of acquiring a different number of residences. So if you buy a holiday home you would need to make an election as to which of the homes is your private residence within 24 months of that acquisition.
* Long-term outcomes (five years or longer) of participation in recovery residence programs.
The court held that EU citizens who have completed more than five years' residence in a state on the sole basis of the national law of that state cannot be regarded as having acquired the right of permanent residence if they did not satisfy the conditions laid down in the directive.
Travel Business Review-March 11, 2011--Four Seasons Private Residences Punta Mita Offers New Private Residences(C)2011] ENPublishing - http://www.enpublishing.co.uk
Hayden Homes LLC, 5776 Mineral Way; single family residence - same as COM2009-00691: 5770 Mineral; $200,000.
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.