Immovable property taxation: property-situated State may tax income from use or letting of immovable assets. Income from immovable property derived by a resident of one Contracting State may be taxed in the State where the property is situated, including income from direct use, letting, agriculture and forestry. Immovable property is defined by the law of the State in which the property is located and includes related rights and assets such as property accessories, livestock and equipment for agriculture and forestry, usufruct, and rights to payments for exploiting mineral and seabed resources; ships, boats and aircraft are excluded.
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.
Immovable property taxation: property-situated State may tax income from use or letting of immovable assets.
Income from immovable property derived by a resident of one Contracting State may be taxed in the State where the property is situated, including income from direct use, letting, agriculture and forestry. Immovable property is defined by the law of the State in which the property is located and includes related rights and assets such as property accessories, livestock and equipment for agriculture and forestry, usufruct, and rights to payments for exploiting mineral and seabed resources; ships, boats and aircraft are excluded.
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