Domicile

Domicile

Domicile means:
the permanent home or principal establishment of an individual. Residence is not the same as domicile, since a person can have many transient residences but only one legal domicile, which is the home address to which he or she always intends to return for prolonged periods. The domicile of a business is the address where the establishment is maintained or where the governing power of the enterprise is exercised. For purposes of taxation, it is often the principal place of business.

Example of Domicile:

Learn more about tax examples, explanations and calculations here.

Mason's job requires her to travel throughout the United States. Although she owns property in several states, her domicile is New York, where she has her principal residence. Mason is subject to the laws of New York concerning automobile registration, voting rights, payment of taxes, and other matters.

U.S. and other Developed Countries International Tax Meaning

A person's domicile in English common law is his permanent home, the place to which he always intends to return. Residence is the place where an individual lives for a certain period of time, while domicile is the place where an individual makes his permanent home.


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