Taxation of immovable property lies with the State where the property is situated; other capital taxed at residence. Immovable property of a resident situated in the other Contracting State may be taxed in that State; property other than immovable forming part of a permanent establishment or pertaining to a fixed base used for independent personal services may also be taxed in the State where that establishment or base is located. Ships, aircraft in international traffic and inland waterways boats, and property pertaining to their operation, are taxable only in the owner's State of residence; all other property of a resident is taxable only in the State of residence.
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 lies with the State where the property is situated; other capital taxed at residence.
Immovable property of a resident situated in the other Contracting State may be taxed in that State; property other than immovable forming part of a permanent establishment or pertaining to a fixed base used for independent personal services may also be taxed in the State where that establishment or base is located. Ships, aircraft in international traffic and inland waterways boats, and property pertaining to their operation, are taxable only in the owner's State of residence; all other property of a resident is taxable only in the State of residence.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
