Taxation of immovable property: Income from property may be taxed in the Contracting State where the property is situated. Income derived by a resident from immovable property situated in the other Contracting State may be taxed in the State where the property is located; this includes income from agriculture and forestry and income from direct use, letting, or other forms of use. 'Immovable property' is defined by the law of the State where the property is situated and includes accessory property, usufruct, and rights to payments for exploitation of mineral deposits and natural resources, while excluding ships and aircraft; the rule also 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.
Taxation of immovable property: Income from property may be taxed in the Contracting State where the property is situated.
Income derived by a resident from immovable property situated in the other Contracting State may be taxed in the State where the property is located; this includes income from agriculture and forestry and income from direct use, letting, or other forms of use. "Immovable property" is defined by the law of the State where the property is situated and includes accessory property, usufruct, and rights to payments for exploitation of mineral deposits and natural resources, while excluding ships and aircraft; the rule also covers enterprise property income and property used for independent personal services.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
