Taxation of immovable property income: income from property situated abroad may be taxed in the territory where located. Income from immovable property of a resident deriving from property situated in the other territory may be taxed in the territory where the property is located. 'Immovable property' is defined by local law and includes accessories, livestock and equipment used in agriculture and forestry, rights governed by landed property law, usufructs, and rights to payments for working mineral deposits and other natural resources, but excludes ships, boats and aircraft. The rule covers income from direct use, letting or other forms of use and applies to enterprises and to 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: income from property situated abroad may be taxed in the territory where located.
Income from immovable property of a resident deriving from property situated in the other territory may be taxed in the territory where the property is located. "Immovable property" is defined by local law and includes accessories, livestock and equipment used in agriculture and forestry, rights governed by landed property law, usufructs, and rights to payments for working mineral deposits and other natural resources, but excludes ships, boats and aircraft. The rule covers income from direct use, letting or other forms of use and applies to enterprises and to property used for independent personal services.
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