Taxation of immovable property: Protocol confirms both contracting states may tax income and capital gains from immovable property. The Protocol clarifies that income from immovable property and capital gains on alienation of immovable property may be taxed in both Contracting States, ... Summary
Taxation of immovable property: Protocol confirms both contracting states may tax income and capital gains from immovable property.
The Protocol clarifies that income from immovable property and capital gains on alienation of immovable property may be taxed in both Contracting States, forming an integral part of the Convention and thereby affirming that those categories of income are subject to taxation by both Parties under the treaty.
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