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Query re Prime Residence Nomination

Discussion in 'Accounting and Legal' started by ian wallace, Dec 13, 2020.

  1. ian wallace

    ian wallace New Member

    In terms of nominating which residence is a prime residence I keep coming across the following definition.

    "To be considered as a main residence for tax purposes, the property must be a dwelling house, or an interest in a dwelling house which is, or which at some point during the period of ownership been, the individual's only or main residence."

    As far a s I can see lots of people have a main home in the city and a country house which is used at weeek ends etc but when the main residence is sold lots of people will switch their nomination to establish the weekend property as their main residence.

    My question is by what set of rules does a week end cottage which has never been either a prime or only dwelling become able to be nominated a a prime residence. It clearly has never been a prime or only dwelling so I can only assume that it becomes a prime residence by dint of nomination.

    If that logic is true then my question is "How does the week end cottage become a residence"
  2. Anyonesss

    Anyonesss New Member

    Do you know how to cook steak? Where do you get your meat?
  3. Alukard

    Alukard New Member

    The most important thing is not to use a kitchen thermometer to roast meat. This method is the most reliable, and it will help determine the degree of roast meat, eliminating the need to poke the steak with a knife, press a finger into it, touch the heart with the cheek and other parts of the body. You will have to break the bank to re-cook the steak or improve your skills. Use oil while cooking. It will give the steak an unparalleled flavor, making it more tender and soft. I cooked beef jerky dehydrator at home, but it took me too long to do it. But don't use oil at the beginning of cooking - it will burn quickly in the pan. Pour a little oil on top when the steak is almost done.
    Last edited: Sep 5, 2021

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