Sentence examples for a personal residence from inspiring English sources

Investment real estate, like other assets, is subject to tax rules governing capital gains and capital losses, but a personal residence is different.

In addition, they're building a personal residence connected to the museum by a two-story library open to the public, epitomizing the public-meets-private Miami phenomenon.

The shares can also be put in a trust by the parents — for example, in a personal residence trust or an irrevocable trust — to protect the apartment from being included in their estate.

He said he was appalled that the village would allow someone to build an addition on a personal residence to create a synagogue and then take the structure off of the tax rolls even though it is also still being used as a home.

In a recent decision by the Appellate Division, First Department of State Supreme Court, which has jurisdiction over Manhattan and the Bronx, the court held that a landlord could take over an entire multiple-unit building for his own use as a personal residence.

Assuming you use the house yourself (or allow nonpaying family and friends to stay there) for more than two weeks and for more than 10% of the total days it is occupied, the house is still considered partly a personal residence, and expenses are allocated between your personal use and your rental sideline.

So the couple is using a "qualified personal residence trust"–a device blessed by Congress and the Internal Revenue Service to ensure that after they're gone the Connecticut property isn't lost to estate taxes, family squabbles or competing priorities.

"Too Much" also reports that the widow of recently deceased financier Martin Zweig "amid a Manhattan luxury boom" has placed their apartment at the top of the posh Pierre Hotel on the market for $125 million: "A sale at that price would set a new New York record for a luxury personal residence, more than $30 million over the current real estate high marks".

Your Home A popular option for an appreciated home, meanwhile, is a qualified personal residence trust (QPRT), which is formed by transferring your primary personal residence or even a qualifying vacation home to the trust.

This a trust to which a person titles his or her personal residence, during their lifetime.

While the business was operated by individuals with sincere religious beliefs respecting same-sex couples, and out of a portion of their personal residence, it was still a commercial activity.