Examples of Personal residence in a sentence
Personal residence or rental property owned, rented or leased by you or any covered person.
Personal residence means a one or two family dwelling or a single dwelling unit in a multiple dwelling classified for permanent occupancy under the New York State Building Code, except that a community residence shall not be considered a residence for purposes of the child day care regulations.
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.
Personal residence is defined as one’s principal or ordinary home or dwelling place, as distinguished from one’s temporary or transient place of residence or dwelling such as a cabin, tent, trailer house, recreational vehicle, or any hotel, motel or rooming house used during a fishing, pleasure or business trip.
In the case of a trust created before January 1, 1997, the reformation must be commenced within 90 days after December 23, 1997 and must be completed within a reasonable time after commencement.(b) Personal residence trust—(1) In gen- eral.