Immovable property taxation: source-state taxes income where the property is located, including accessory and mineral-working rights. Income from immovable property is taxable in the Contracting State where the property is situated. Immovable property is defined by the law of that State and includes accessories, livestock and equipment used in agriculture and forestry, rights subject to landed property law, usufruct, and payments for working or rights to work mineral deposits and other natural resources, while excluding ships and aircraft. The rule covers income from direct use, letting or other use and applies to enterprise property income and property used for professional 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.
Immovable property taxation: source-state taxes income where the property is located, including accessory and mineral-working rights.
Income from immovable property is taxable in the Contracting State where the property is situated. Immovable property is defined by the law of that State and includes accessories, livestock and equipment used in agriculture and forestry, rights subject to landed property law, usufruct, and payments for working or rights to work mineral deposits and other natural resources, while excluding ships and aircraft. The rule covers income from direct use, letting or other use and applies to enterprise property income and property used for professional services.
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