domicile

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domicile

(dŏm`əsīl'), one's legal residence. This may or may not be the place where one actually resides at any one time. The domicile is the permanent home to which one is presumed to have the intention of returning whenever the purpose for which one is absent has been accomplished. One may simultaneously have a temporary lodging for a short time at one place, a more permanent abode called a residence at another, and a domicile at still another place. Usually the domicile of the husband and father determines that of wife and children. Determining domicile is important in defining the legal status of a person and the nationality of a public corporation (a legal person) under international law.

Domicile

(religion, spiritualism, and occult)

In traditional astrology, a planet placed in the sign that it rules was said to be in domicile, a word derived from the Latin for home. Thus, a planet in domicile (e.g., Mercury in Gemini, Mars in Aries, etc.) is “at home,” a location that allows the planet to express its nature freely. A planet in domicile is in the sign of its dignity, and an alternative term for domicile is domal dignity. The term domicile is infrequently used in modern astrology; when it is, it is often used in a more general sense to denote location, as when someone says that a certain planet is “domiciled” in a particular house.

domicile

, domicil Formal
1. a permanent legal residence
2. Commerce Brit the place where a bill of exchange is to be paid
References in periodicals archive ?
Wealth that passes on the death of the domiciled spouse to the non domiciled spouse could fall outside the UK estate tax network and therefore the rules only permit a pounds 55,000 tax free transfer, with any balancing amount being subject to inheritance tax.
In the example, with the corporation domiciled in California, this would be on 90% of sales volume.
In Louis Dreyfus, a corporation domiciled in Connecticut was not subject to Tennessee corporate excise tax on investment earnings generated by its bond trading group, because the activities of the bond trading group were not unitary with the corporation's other commodities groups.
New York subjects the estate of any decedent who was domiciled in New York at the time of death to tax.
I would recommend that those individuals who are already non-UK domiciled, or indeed believe they may be eligible for a foreign tax domicile, should review their affairs now and, if need be, apply to the Inland Revenue for such a ruling.
The impact of having a broad definition of Michigan nexus is clear: More out-of-state taxpayers will be subject to the SBT However, for taxpayers domiciled in Michigan, the broadened Judicial definition(s) of nexus, together with the heavier weight given to the sales factor, may offer an opportunity for Michigan SBT savings.
The taxpayer is not domiciled in New York State, but maintains a permanent place of abode in New York and spends more than 183 days of the taxable year in New York State.
Today offshore captive income is taxed in the same manner as income of captives domiciled in the United States.
An NAIC task force on collateral requirements in September issued a report that recommends changes to the current system, including rules that would better match ceding companies' credit and assuming reinsurers' reserves and rules that would apply uniformly to reinsurers, regardless of where they are domiciled.
The basic concept is that a person is domiciled in a country they regard as their real home.