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Permanent residency is a person's legal resident status in a country or territory of which such person is not a citizen but where they have the right to reside on a permanent basis. This is usually for a permanent period; a person with such legal status is known as a permanent resident.
A primary residence is considered to be a legal residence for the purpose of income tax and/or acquiring a mortgage. Criteria for a primary residence consist mostly of guidelines rather than hard rules, and residential status is often determined on a case-by-case basis.
The term includes an individual condominium unit, cooperative unit, manufactured home, mobile home, or trailer if it is used as a residence. Under the Oregon law, a "dwelling" is defined as a "building which regularly or intermittently is occupied by a person lodging therein at night, whether or not a person is actually present." The United ...
Common law of domicile abolished "3 The common law rules respecting domicile, including, without limiting the generality of the foregoing, (a) the rule known as the revival of domicile of origin whereby the domicile of origin of a person revives upon the abandonment of a domicile of choice; and
A green card, known officially as a permanent resident card, is an identity document which shows that a person has permanent residency in the United States. [1] [2] Green card holders are formally known as lawful permanent residents (LPRs).
Habitual residence is fact-dependent; it cannot be a purely legal concept and there are different views about the factual situations that it is supposed to denote. Much of the case law on habitual residence suggests it is purely objective, seeking evidence of physical presence over a considerable period of time. [8]
Capital gains tax is a levy imposed by the IRS on the profits made from selling an investment or asset, including real estate. Primary residences have different capital gains guidelines than ...
The definition of this type of house may vary between legal jurisdictions or statistical agencies. The definition, however, generally includes two elements: Single-family (home, house, or dwelling) means that the building is usually occupied by just one household or family and consists of just one dwelling unit or suite.
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