Taxation of immovable property limited to the territory of the property, including rents and extraction royalties. Income from immovable property is taxable only in the territory where the property is situated; rents, royalties or other income from the operation of a mine, quarry or any other place of extraction of natural resources are regarded as income from immovable property and taxed in the state where the property or extraction site is located.
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Provisions expressly mentioned in the judgment/order text.
Taxation of immovable property limited to the territory of the property, including rents and extraction royalties.
Income from immovable property is taxable only in the territory where the property is situated; rents, royalties or other income from the operation of a mine, quarry or any other place of extraction of natural resources are regarded as income from immovable property and taxed in the state where the property or extraction site is located.
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