Taxation of immovable property: income may be taxed in the state where the property is situated under the tax treaty. Income from immovable property may be taxed by the Contracting State where the property is situated. 'Immovable property' is defined under the law of that State and includes accessory property, livestock and equipment used in agriculture and forestry, rights subject to landed property law, usufruct, and rights to payments for exploiting mineral deposits and other natural resources; ships, boats and aircraft are excluded. The rule covers income from direct use, letting or other use and applies to enterprise income and income from immovable property used for independent personal services.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Taxation of immovable property: income may be taxed in the state where the property is situated under the tax treaty.
Income from immovable property may be taxed by the Contracting State where the property is situated. "Immovable property" is defined under the law of that State and includes accessory property, livestock and equipment used in agriculture and forestry, rights subject to landed property law, usufruct, and rights to payments for exploiting mineral deposits and other natural resources; ships, boats and aircraft are excluded. The rule covers income from direct use, letting or other use and applies to enterprise income and income from immovable property used for independent personal services.
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