Income from immovable property may be taxed in the State where the property is situated under treaty rules. Income of a resident from immovable property located in the other Contracting State may be taxed in the State where the property is situated. Immovable ... Summary
Income from immovable property may be taxed in the State where the property is situated under treaty rules.
Income of a resident from immovable property located in the other Contracting State may be taxed in the State where the property is situated. Immovable property is defined by the law of the situs and specifically includes accessories, agriculture and forestry assets, usufruct, and payments for working natural resources, but excludes ships and aircraft. The rule applies to direct use, letting or other use, and extends to corporate rights conferring enjoyment as well as enterprise property and property used in independent personal services.
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