Taxation of immovable property income is allocated to the State where the property is located, covering agriculture, letting and mineral rights. Income from immovable property may be taxed by the State where the property is situated; this includes income from agriculture or forestry and from direct use, letting, or other use. 'Immovable property' is defined by the law of the State where situated and includes accessory property, livestock and equipment used in agriculture and forestry, rights treated as landed property, usufruct, and payments for working mineral deposits and other natural resources, while ships and aircraft are excluded. These provisions also apply to enterprise income from immovable property 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 is allocated to the State where the property is located, covering agriculture, letting and mineral rights.
Income from immovable property may be taxed by the State where the property is situated; this includes income from agriculture or forestry and from direct use, letting, or other use. "Immovable property" is defined by the law of the State where situated and includes accessory property, livestock and equipment used in agriculture and forestry, rights treated as landed property, usufruct, and payments for working mineral deposits and other natural resources, while ships and aircraft are excluded. These provisions also apply to enterprise income from immovable property and to property used for independent personal services.
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