Difference Between Domicile and Residence

Law
2023-05-22T08:51:39+00:00

Difference Between Domicile and Residence

What is domicile?

The domicile is the place where a person has their main residence, that is, where they usually live. Generally, it refers to the place where his home is located and where you receive his correspondence, as well as the place where his property and belongings are located. It is important to highlight that the tax domicile It may be different from the usual address.

What is residency?

Residence, on the other hand, refers to the place where a person lives temporarily or permanently. A person may have several residences, for example, a summer home or a residence where they stay during work.

Differences between domicile and residence

The main difference between domicile and residence is that the former refers to the place where a person has their main residence, while residence refers to the place where they live, whether temporarily or permanently.

Another important difference between both terms is that domicile has a fixed nature, while residence can be temporary and changing. For example, a person may be domiciled in his or her hometown, but temporarily reside in another city for work or study reasons.

List of differences between domicile and residence:

  • The domicile is the place where a person has their main residence, while the residence refers to the place where they live temporarily or permanently.
  • The domicile has a fixed character, while the residence can be temporary and changing.
  • The address also refers to the place where the goods and belongings are located. of a person in addition to your home, while residence has no connotation in that sense.

Conclusion

In conclusion, although they are used interchangeably, domicile and residence have a different meaning. Domicile refers to the place where a person has his main residence, while residence refers to the place where he lives temporarily or permanently. Both terms are important at a legal and fiscal level, so it is essential to know the difference between the two to avoid confusion.

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