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<h1>Income from immovable property in another territory can be taxed there; ships, boats, aircraft excluded.</h1> Income derived by a resident of one territory from immovable property located in another territory may be taxed in the latter territory. 'Immovable property' is defined according to the laws of the territory where the property is located and includes property accessory to immovable property, agricultural and forestry equipment, and rights related to natural resources, but excludes ships, boats, and aircraft. This provision applies to income from direct use, leasing, or other uses of immovable property, including income from enterprises and independent personal services involving such property.