Income from immovable property may be taxed where the property is situated, including agricultural and forestry income. Income from immovable property derived by a resident may be taxed in the State where the property is situated, including income from agriculture and forestry. 'Immovable property' is defined by local law and includes accessories, livestock and equipment used in agriculture and forestry, rights subject to landed property law, usufruct and rights to payments for working mineral deposits and other natural resources; ships, boats, aircraft and motor vehicles are excluded. The rule applies to income from direct use, letting or other exploitation and covers enterprise property income and 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 may be taxed where the property is situated, including agricultural and forestry income.
Income from immovable property derived by a resident may be taxed in the State where the property is situated, including income from agriculture and forestry. "Immovable property" is defined by local law and includes accessories, livestock and equipment used in agriculture and forestry, rights subject to landed property law, usufruct and rights to payments for working mineral deposits and other natural resources; ships, boats, aircraft and motor vehicles are excluded. The rule applies to income from direct use, letting or other exploitation and covers enterprise property income and property used for independent personal services.
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