Income from immovable property: taxable in the State where the property is situated under the tax treaty. Income from immovable property may be taxed in the State where the property is situated; this covers income from direct use, letting or other exploitation. 'Immovable property' is defined under the law of the State where the property is located and includes accessories, agricultural livestock and equipment, rights under landed property law, usufruct, and payments for working mineral deposits and natural resources; ships, boats and aircraft are excluded. The rule also applies to income of enterprises and income from 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: taxable in the State where the property is situated under the tax treaty.
Income from immovable property may be taxed in the State where the property is situated; this covers income from direct use, letting or other exploitation. "Immovable property" is defined under the law of the State where the property is located and includes accessories, agricultural livestock and equipment, rights under landed property law, usufruct, and payments for working mineral deposits and natural resources; ships, boats and aircraft are excluded. The rule also applies to income of enterprises and income from property used for independent personal services.
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