- 3 - square-foot home on the Turlock property the following month and continued to occupy that dwelling as their residence up to and through the time of trial. Shortly after moving in, because the existing 1,400 square feet were insufficient to accommodate the needs of their family, petitioners began preparations for building additional living space. Initially, petitioners contemplated constructing an attached addition. A power line easement, however, rendered such a plan unworkable. Hence, petitioners decided to build a detached residential structure of more than 3,000 square feet on the Turlock property, to be located behind the existing home. Mr. Parker (petitioner) had read about the tax benefits available under section 1034, and he inquired of his tax accountant whether the cost of the detached unit would qualify as part of the purchase price of the new residence. The tax accountant indicated that it would. Prior to beginning construction, petitioners applied for and obtained a building permit from the City of Turlock for what the permit designated a “new” “SFD” (single family dwelling). Petitioners likewise secured a conditional use permit and variance to have the existing 1,400-square-foot home redesignated and allowed to remain in place as a “second dwelling unit on a single family zoned lot”, in accordance with Turlock Municipal Code section 9-2-506. These administrative steps werePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011