Income Tax (Trading and Other Income) Act 2005 section 787

Meaning of "residence"

Section 787 defines the term "residence" for the purposes of this Chapter and clarifies how temporarily divided properties are treated.

  • A "residence" means a building, or part of a building, occupied or intended to be occupied as a separate residence
  • A caravan or houseboat also qualifies as a "residence" under this definition
  • A building designed for permanent use as a single residence remains a single residence even if temporarily divided into two or more separate residences
  • The definition covers both currently occupied properties and those intended to be occupied as a separate residence

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.

Become a member