Taxation of immovable property: income from property may be taxed in the State where the property is situated. Income from immovable property of a resident may be taxed in the State where the property is situated; immovable property is defined by the law of that State and includes accessories, agricultural livestock and equipment, rights governed by landed property law, usufruct and payments for working or rights to exploit mineral deposits and other natural resources, while excluding ships, boats and aircraft; the rule applies to income from direct use, letting or other use, and to enterprise income and income 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 State where the property is situated.
Income from immovable property of a resident may be taxed in the State where the property is situated; immovable property is defined by the law of that State and includes accessories, agricultural livestock and equipment, rights governed by landed property law, usufruct and payments for working or rights to exploit mineral deposits and other natural resources, while excluding ships, boats and aircraft; the rule applies to income from direct use, letting or other use, and to enterprise income and income used for independent personal services.
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