Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Income from immovable property, like agriculture and forestry, taxed where located. Ships and aircraft excluded.</h1> Income from immovable property, including agriculture and forestry, may be taxed in the state where the property is located. The definition of 'immovable property' aligns with the laws of the state where the property is situated and includes property accessories, livestock, agricultural and forestry equipment, rights related to landed property, and payments for exploiting natural resources. Ships and aircraft are excluded. This taxation applies to income from direct use, leasing, or any other utilization of immovable property, including income from enterprises and independent personal services related to such property.
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