Immovable property taxation: income taxable in the State where the property is situated, including accessory and resource rights.

Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in that other State. Immovable property is defined by the law of the State where the property is situated and includes accessory property, agricultural livestock and equipment, landed-property rights, usufruct, and payments for working mineral deposits, while excluding ships, boats and aircraft. The rule covers income from direct use, letting, other forms of use, enterprise property income, and property used for independent personal services.

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