Vermont § 10002a Principal residence

Vermont Statutes

§ 10002a — Principal residence

Vermont § 10002a

Title 32Title 32: Taxation and Finance

Ch. 236Chapter 236: Tax on Gains from the Sale or Exchange of Land

This text of Vermont § 10002a (Principal residence) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 32, § 10002a (2026).

Text

(a)“Principal residence” means a dwelling that, within one year prior to sale, was occupied as the domicile of the seller or that, within one year from the date of sale, will be occupied as the domicile of the purchaser. As used in this section, a domicile is the principal dwelling of a person domiciled in the State of Vermont.

(b)“Principal residence” includes any multi-family dwelling, not exceeding four units, if:

(1)the seller used at the time of sale at least one unit within such dwelling as his or her principal residence; or

(2)the purchaser will use at least one unit within such dwelling as his or her principal residence under the conditions of subsection 10002(b) of this title.

(c)“Principal residence” also means any dwelling used as the seller’s principal residence or that wi

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(a) “Principal residence” means a dwelling that, within one year prior to sale, was occupied as the domicile of the seller or that, within one year from the date of sale, will be occupied as the domicile of the purchaser. As used in this section, a domicile is the principal dwelling of a person domiciled in the State of Vermont.
(b) “Principal residence” includes any multi-family dwelling, not exceeding four units, if:
(1) the seller used at the time of sale at least one unit within such dwelling as his or her principal residence; or
(2) the purchaser will use at least one unit within such dwelling as his or her principal residence under the conditions of subsection 10002(b) of this title.
(c) “Principal residence” also means any dwelling used as the seller’s principal residence or that will be used by the purchaser as his or her principal residence under the conditions of subsection 10002(b) of this title, even though the resident also carries on or will carry on commercial activity in that dwelling. Commercial activity includes an office for the resident’s business or profession or a retail store. (Added 1987, No. 64, § 12, eff. June 1, 1987; amended 1989, No. 222 (Adj. Sess.), § 29, eff. May 31, 1990.)