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<h1>Income from immovable property in another state can be taxed there; includes land rights and excludes ships/aircraft.</h1> Income derived by a resident of one Contracting State from immovable property located in the other Contracting State may be taxed in the latter. 'Immovable property' includes property as defined by the law of the State where it is situated, and encompasses property accessory to immovable property, agricultural and forestry equipment, and rights related to land, excluding ships and aircraft. The provisions apply to income from direct use, leasing, or other uses of immovable property, as well as income from such property used by enterprises or for independent personal services.