Can a married couple own two primary residences UK?
Crucially, a married couple are entitled to only one main residence exemption between them, regardless of the number of homes they have or the proportions in which they are owned. Any election must be made by them jointly and binds them both.
Can a married couple have two primary residences Canada?
For years before 1982, more than one housing unit per family can be designated as a principal residence. Therefore, a husband and wife can designate different principal residences for these years. However, a special rule applies if members of a family designate more than one home as a principal residence.
Can you have two primary residences in Australia?
Land requirement. The exemption is generally only available for one residence in a land tax year, so if you own more than one Australian property, only one can be your principal place of residence.
What is considered a primary residence?
A principal residence is the primary location that a person inhabits, also referred to as primary residence or main residence. It does not matter whether it is a house, apartment, trailer, or boat, as long as it is where an individual, couple, or family household lives most of the time.