Income from immovable property taxable in the state where the property is situated, definition governed by local law. Income from immovable property may be taxed by the Contracting State where the property is situated; 'immovable property' is defined by that State's law and usage and includes accessories, agricultural livestock and equipment, landed property rights, usufruct, and rights to payments for working mineral deposits and other natural resources (ships and aircraft excluded). The source State taxation rule covers income from direct use, letting, other use, enterprise property income, and property used for independent personal services.
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Provisions expressly mentioned in the judgment/order text.
Income from immovable property taxable in the state where the property is situated, definition governed by local law.
Income from immovable property may be taxed by the Contracting State where the property is situated; "immovable property" is defined by that State's law and usage and includes accessories, agricultural livestock and equipment, landed property rights, usufruct, and rights to payments for working mineral deposits and other natural resources (ships and aircraft excluded). The source State taxation rule covers income from direct use, letting, other use, enterprise property income, and property used for independent personal services.
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