Personal residence definition

Personal residence means any residential
Personal residence means any single-family house sold or rented by an owner, provided:
Personal residence means a building or structure containing living quarters occupied or intended to be occupied by no more than two (2) individuals, two (2) groups or two (2) families living independently of each other and used by the owner thereof as a bona fide residence for himself and any members of his family forming his household.

Examples of Personal residence in a sentence

  • The special rules of this paragraph (d)(1)(iv) do not apply for purposes of determining whether more than 35 per- cent of the QDOT assets consist of for- eign real property under paragraph (d)(1)(ii) of this section.(D) Personal residence.

  • Streng 18Qualified Personal Residence Trust p.67Code §2702(a)(3)(A)(ii) – re personal residence trust.Choices under the tax regulations:- Personal residence trust, or,- Qualified personal residence trust (QPRT)Valuation of the gift of the remainder interest is based on: (1) the FMV of the property, (2) the client’s age, and (3) the §7520 interest rate (120% of mid-term AFR).

  • No new partner/partners shall be accepted in to the firm by the contractor in respect of this supply unless he/they agree to abide by all its items, conditions and deposit with the officer sanctioning the supply a written agreement to this effect.

  • Personal residence – one sign not exceeding an area of one square foot, indicating the name of the owner or occupant.

  • Personal residence and other real estate accounts for about 19 percent of gross estates, stocks (other than closely held), bonds and cash account for 61 percent, and small businesses (closely held stock, limited partnerships, and other non-corporate business assets) account for 8 percent.


More Definitions of Personal residence

Personal residence means a building or structure or portion thereof containing living quarters occupied or intended to be occupied by one or more individuals, groups, or families, whether or not living independently of each other, and occupied by the owner thereof as a bona fide residence for himself and any members of his family forming his household.
Personal residence means the residence ordinarily inhabited by the owner;
Personal residence. : means, for the purposes of Sections 4A-102 and 4A-103, a filer’s primary home residence and any residential
Personal residence means a filer's primary home
Personal residence means any property used exclusively as a private dwelling by an individual. The term includes residential property owned by an individual for the individual’s own personal use and occupancy.
Personal residence means any residential building in which one temporarily or permanently maintains her or his abode, including, but not limited to, an apartment or a hotel, motel, nursing home, convalescent home, home for the aged, or a public or private institution.
Personal residence. : means, for the purposes of Sections 4A-102 and 4A-103, a filer’s primary home residence and any residential real property held by the filer and used for residential rather than commercial or income generating purposes.