domicile

domicile
A legal term, indicating the country to whose legal system an individual is attached. When an individual is domiciled in the United Kingdom, they are liable to pay inheritance tax on their worldwide assets at death. Individuals who are not domiciled in the UK will only be liable to inheritance tax on their UK assets. Most people acquire their domicile at birth, being the domicile of their father. This is referred to as the domicile of origin. Dresdner Kleinwort Wasserstein financial glossary

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domicile dom‧i‧cile [ˈdɒmsaɪl ǁ ˈdɑː-, ˈdoʊ-] noun LAW
1. [countable, uncountable] the country in which a person normally lives, and that is thought of as their permanent home:

• Formerly the domicile of a wife was necessarily the same as that of her husband.

— compare residence
2. domicile of choice LAW a country in which a person decides to live, although it is not the country in which they were born:

• If he marries a German woman, he has a domicile of choice in Germany.

3. domicile of origin LAW the country in which a person was born:

• Every person receives at birth a domicile of origin.

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domicile UK US /ˈdɒmɪsaɪl/ US  /ˈdɑːmə-/ noun [C or U] FORMAL LAW
► the country in which a person or company lives or does business and has their legal address: »

For tax purposes, the income-tax rate in the person's country of domicile should be used.

 move/change/switch (sb's/sth's) domicile »

Companies may choose to move their domicile to tax havens such as Bermuda.


Financial and business terms. 2012.

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  • domicile — [ dɔmisil ] n. m. • 1326; lat. domicilium, de domus « maison » 1 ♦ Cour. Lieu ordinaire d habitation. ⇒ chez (chez soi), demeure, habitation, home, logement, maison, résidence. « Pour nous la maison est seulement un domicile, un abri » (Fustel de …   Encyclopédie Universelle

  • Domicile — • The canon law has no independent and original theory of domicile; both the canon law and all modern civil codes borrowed this theory from the Roman law; the canon law, however, extended and perfected the Roman theory by adding thereto that of… …   Catholic encyclopedia

  • domicile — do·mi·cile 1 / dä mə ˌsīl, dō / n [Latin domicilium dwelling place, home] 1: the place where an individual has a fixed and permanent home for legal purposes – called also legal residence; 2: the place where an organization (as a corporation) is… …   Law dictionary

  • domicile — DOMICILE. sub. m. Il se dit De la maison, du lieu qu une personne a choisi pour son habitation ordinaire. Élection de domicile. Signifié à sa personne en son domicile. Signifié à domicile. Il a établi son domicile à Paris. C est un homme sans… …   Dictionnaire de l'Académie Française 1798

  • domicile — Domicile, Domicilium. Retourner en son premier domicile, Remigrare. Le domicile d un chacun, Sedes pignorum ac fortunarum, Lar familiaris, B. Signifier à personne et domicile, Denuntiare domum, atque etiam homini, B …   Thresor de la langue françoyse

  • domicile — Domicile. s. m. Habitation, maison. Il ne se dit guere qu en termes de Pratique. Election de domicile. signifié à sa personne en son domicile. signifié à domicile …   Dictionnaire de l'Académie française

  • domicile — [däm′ə sīl΄, däm′əsil; ] also [, dō′mə īl, dō′məsil] n. [ME domicelle < OFr domicile < L domicilium, a dwelling, home < domus: see DOME] 1. a customary dwelling place; home; residence 2. Law one s fixed place of dwelling, where one… …   English World dictionary

  • Domicile — Dom i*cile, n. [L. domicilium; domus house + (prob.) root of celare to conceal: cf. F. domicile. See {Dome}, and {Conceal}.] 1. An abode or mansion; a place of permanent residence, either of an individual or a family. [1913 Webster] 2. (Law) A… …   The Collaborative International Dictionary of English

  • domicile — (n.) mid 15c., from M.Fr. domicile (14c.), from L. domicilium, perhaps from domus house (see DOMESTIC (Cf. domestic)) + colere to dwell (see COLONY (Cf. colony)). As a verb, it is first attested 1809. Related: Domiciled; domiciliary …   Etymology dictionary

  • Domicile — Dom i*cile, v. t. [imp. & p. p. {Domiciled}; p. pr. & vb. n. {Domiciling}.] [Cf. F. domicilier. Cf. {Domiciliate}.] To establish in a fixed residence, or a residence that constitutes habitancy; to domiciliate. Kent. [1913 Webster] …   The Collaborative International Dictionary of English

  • domicile — DOMICILE: Toujours inviolable. Cependant la Justice, la Police, y pénètrent quand elles veulent. Je regagne mes pénates. Je rentre dans mes lares …   Dictionnaire des idées reçues

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