Immovable property taxation: State where the property is located may tax income, including accessory and resource payment rights. Income from immovable property may be taxed by the Contracting State where the property is situated. Immovable property is defined by that State's law and includes accessories to land, agricultural livestock and equipment, landed-property rights, usufruct, and rights to payments for working mineral deposits and other natural resources; ships, boats and aircraft are excluded. The taxation rule applies to income from direct use, letting or other forms of use, and extends to enterprise income and income from immovable property used in 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.
Immovable property taxation: State where the property is located may tax income, including accessory and resource payment rights.
Income from immovable property may be taxed by the Contracting State where the property is situated. Immovable property is defined by that State's law and includes accessories to land, agricultural livestock and equipment, landed-property rights, usufruct, and rights to payments for working mineral deposits and other natural resources; ships, boats and aircraft are excluded. The taxation rule applies to income from direct use, letting or other forms of use, and extends to enterprise income and income from immovable property used in independent personal services.
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