147. The value of all the following property is excluded for the purpose of calculating a benefit, up to a total net value of $226,122:(1) the value of a residence or a working farm;
(2) the value of a residence or farm belonging to an independent adult, except, despite the second paragraph of section 3.1, an independent adult with a spouse who is a recipient under the Basic Income Program, who no longer resides in the residence or operates the farm since being sheltered or taken in charge by an intermediate resource or a foster home, for a period of not more than 2 years after the sheltering or taking in charge;
(3) the value of a residence belonging to an independent adult or a family who no longer resides in the residence for health reasons, for a period of not more than 2 years after the move;
(4) the value of the residence belonging to an adult who no longer resides in the residence because of a separation, for a period of not more than 2 years after the date on which family mediation or a judicial proceeding has been commenced to the date on which the court decides the right of ownership or, where applicable, the date on which the court confirms or approves an agreement between the parties;
(5) the value of property used for self-employment or in the operation of a farm;
(6) the principal from an indemnity paid as compensation for immovable property following expropriation, a fire or other disaster, an act of war, an attack or an indictable offence if used within 2 years of receipt to repair or replace the immovable property or in the operation of an enterprise;
(7) the principal from an indemnity paid as compensation for movable property following a fire or other disaster, an act of war, an attack or an indictable offence, if used within 90 days of receipt; and
(8) the principal from the sale of a residence if used to purchase a new residence or have a residence built within 6 months of the sale.