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<h1>Income from Immovable Property Taxed Where Property is Located, Following Local Legal Frameworks to Prevent Double Taxation.</h1> Income derived from immovable property can be taxed in the state where the property is located. The definition of 'immovable property' follows the legal framework of the state where the property is situated. These provisions are part of international agreements aimed at preventing double taxation, ensuring that income from such properties is appropriately taxed in the relevant jurisdiction.