Taxation of immovable property: source State may tax income from property located there, including agricultural and resource related rights. Income from immovable property of a resident may be taxed in the State where the property is situated. The term follows the law of the State where the property is located and includes accessories, agricultural livestock and equipment, rights governed by landed property law, usufruct and rights to payments for exploiting mineral deposits and other natural resources, while excluding ships, boats and aircraft. The taxation rule covers income from direct use, letting or other forms of use and applies to enterprise property income and property used to provide 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.
Taxation of immovable property: source State may tax income from property located there, including agricultural and resource related rights.
Income from immovable property of a resident may be taxed in the State where the property is situated. The term follows the law of the State where the property is located and includes accessories, agricultural livestock and equipment, rights governed by landed property law, usufruct and rights to payments for exploiting mineral deposits and other natural resources, while excluding ships, boats and aircraft. The taxation rule covers income from direct use, letting or other forms of use and applies to enterprise property income and property used to provide independent personal services.
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