Income from immovable property: source-state taxation applies where the property is located, including agricultural and enterprise use.

Income of a resident from immovable property situated in the other Contracting State may be taxed in that other State; this covers income from ownership, direct use, letting or other use, including agricultural and forestry income, enterprise income from immovable property and income used in independent personal services. Immovable property is defined by the law of the State where the property lies and includes accessories to land, livestock and equipment used in agriculture and forestry, usufruct, landed-property rights, and payments for the working of mineral deposits and other natural resources, excluding ships and aircraft.

---

---

---