Income from immovable property: situs State may tax income where the property is located, including agricultural use. Income of a resident from immovable property situated in the other Contracting State may be taxed in that other State, including income from agriculture and forestry. 'Immovable property' is defined by the law of the State where the property is located and includes accessories, livestock and equipment used in agriculture and forestry, usufruct, and rights to payments for working mineral deposits and other natural resources; ships, boats and aircraft are excluded. The situs State's taxing right covers direct use, letting or other forms of use, and extends to enterprise property income and 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.
Income from immovable property: situs State may tax income where the property is located, including agricultural use.
Income of a resident from immovable property situated in the other Contracting State may be taxed in that other State, including income from agriculture and forestry. "Immovable property" is defined by the law of the State where the property is located and includes accessories, livestock and equipment used in agriculture and forestry, usufruct, and rights to payments for working mineral deposits and other natural resources; ships, boats and aircraft are excluded. The situs State's taxing right covers direct use, letting or other forms of use, and extends to enterprise property income and immovable property used for independent personal services.
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