Fla. Admin. Code R. 12D-7.009

Current through Reg. 50, No. 244; December 17, 2024

Section 12D-7.009 - Homestead Exemptions - Life Estates

(1) A life estate will support a claim for homestead exemption.

(2) Where the owner of a parcel of real property conveys it to another who is a member of a separate family unit retaining a life estate in an undivided one-half interest therein, and each of such parties make their permanent homes in separate residential units located upon the said property, each would be entitled to homestead exemption on that part of the land occupied by them and upon which they make their permanent home.

Fla. Admin. Code Ann. R. 12D-7.009

Rulemaking Authority 195.027(1), 213.06(1) FS. Law Implemented 196.001, 196.031, 196.041 FS.

New 10-12-76, Formerly 12D-7.09.