THE NEW YORK EXIT STRATEGY
A Tactical Guide to Domicile, Taxes, and Wealth Preservation in Florida.
1. The 183-Day Rule
This is the cornerstone of Florida residency. To protect your income from New York State taxation, you must prove that you spend more time in Florida than in any other jurisdiction.
The "Statutory Residency" test is strict. If you maintain a "Permanent Place of Abode" in New York (an apartment you can access) AND spend more than 183 days there, you are taxed as a resident, regardless of where you claim to live.
Do not just "visit" Florida. You must create a paper trail of life. Swipe your credit card, see your doctor, and join a gym in Florida. Auditors look for "Day Counts."
2. The "Teddy Bear" Test
New York auditors look beyond the calendar. They look for your "Center of Life." Where are your most prized possessions? Where is your dog? Where are your family heirlooms?
This is colloquially known as the Teddy Bear Test. If your family photos and sentimental items are still in the Hamptons house, New York will argue you haven't truly moved.
3. The Homestead Advantage
Once you establish your Florida home as your primary residence, you qualify for the "Save Our Homes" cap. This limits the annual increase in the assessed value of your property to 3%, protecting you from future tax spikes even if the market value doubles.
4. The Domicile Checklist
Execute the Strategy
Connect with a Relocation Specialist to view "Domicile-Ready" inventory in Lakewood Ranch.