A person may have more than one residence, but they may have only one domicile. You choose your residence when you decide where you are sleeping tonight, where you garage and insure your vehicle, where you are counted for the census and where you are allowed to vote. You choose your domicile when you own or hold any real property, join a government registered organization, hold a driver license or other government issued identification card, buy insurance, open banking relationships or create a Last Will and Testament that will requre probate.
Your Domicile determines your tax liability.
There are three things to consider which require you to declare Florida as your domicile.
1 - Do you work for a employer who is registered in Florida and pays workers comp and unemployent taxes on your wages based upon Florida rates?
2 – Do you have children in Public or tax supported school in Florida?
3 - Do you spend more than 50 percent of your time during the year or more than six consecutive months within the borders of Florida?
If you answer yes to any of these questions, then you are required to place your domicile in Florida.
Since other states have similar laws, you will need to check your state laws in your current state of domicle.
Three taxes in Florida
Estate Taxes - Apply on estates with a NET value above the Federal Limits. 2021 limits were 11.7 Million. See www.irs.gov for current limits.
Property Taxes - Due on Real Property, all other tangible and intangible property is exempt.
Sales and Use Tax – Due when you make a purchase for use or initial delivery inside of Florida. Personal Services and non prepared food are exempt from Sales Tax.
Only domicile some of your property in Florida
You may use a Fast Forward service to domicile assets in Florida as long as those assets do not spend 50 percent of the time in any state other than Florida.
Use a Fast Forward Vehicle Address Service to register your vehicle in Florida
Declare Florida as your domicile
Use Fast Forward Address Service to establish your Florida domicile
Getting a Fast Forward Membership is easy