Taxation of immovable property: income from property may be taxed in the state where the property is situated under treaty. Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in the State where the property is located; the term immovable property is defined by the law of the State where the property lies and includes accessories to land, livestock and agricultural equipment, rights governed by landed property law, usufruct, and payments for working 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 enterprises and to 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.
Taxation of immovable property: income from property may be taxed in the state where the property is situated under treaty.
Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in the State where the property is located; the term immovable property is defined by the law of the State where the property lies and includes accessories to land, livestock and agricultural equipment, rights governed by landed property law, usufruct, and payments for working 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 enterprises and to immovable property used for independent personal services.
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