Income from immovable property may be taxed in the State where the property is situated under the DTAA.

Income from immovable property, including agricultural and forestry income, may be taxed in the Contracting State where the property is situated; immovable property is defined by that State's law and includes accessories to land, livestock and equipment used in agriculture and forestry, rights governed by landed property law, usufruct and rights to payments for working mineral deposits, while ships, boats and aircraft are excluded; the rule covers direct use, letting, other forms of use and profits from alienation and applies to enterprise property income and property used for professional services.

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