HABITUAL RESIDENCE
23/03/2009
Habitual residence - is the place or country in which a person has his home. Habitual residence is necessary in order to establish domicile. In dealing with clients who have assets in more than one country or jurisdiction it is necessary to assess their domicile, habitual residence and nationality and the location and type of assets in order to determine which countries succession laws and taxes may apply to the client’s affairs.
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