Income from immovable property may be taxed only in the state where the property is located under DTAA rules. Income from immovable property is taxable only in the Contracting State where the property is situated. 'Immovable property' is defined by that State's law and usage and includes accessories, agricultural and forestry livestock and equipment, rights governed by landed property law, usufruct, and rights to payments for working mineral deposits and other extraction sites; ships and aircraft are excluded. The exclusive taxation rule covers income from direct use, letting or other forms of use, and applies to enterprise property income and property used for professional 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 only in the state where the property is located under DTAA rules.
Income from immovable property is taxable only in the Contracting State where the property is situated. "Immovable property" is defined by that State's law and usage and includes accessories, agricultural and forestry livestock and equipment, rights governed by landed property law, usufruct, and rights to payments for working mineral deposits and other extraction sites; ships and aircraft are excluded. The exclusive taxation rule covers income from direct use, letting or other forms of use, and applies to enterprise property income and property used for professional services.
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