Taxation of immovable property: income may be taxed in the State where the property is situated under the treaty. Income from immovable property derived by a resident of one Contracting State from property situated in the other Contracting State may be taxed in the State where the property is situated. Immovable property is defined by local law and includes accessories, agricultural livestock and equipment, landed-property rights, usufruct and payments for exploiting mineral and natural resources; ships and aircraft are excluded. The rule covers income from direct use, letting, other uses, enterprise property income and property used for 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: income may be taxed in the State where the property is situated under the treaty.
Income from immovable property derived by a resident of one Contracting State from property situated in the other Contracting State may be taxed in the State where the property is situated. Immovable property is defined by local law and includes accessories, agricultural livestock and equipment, landed-property rights, usufruct and payments for exploiting mineral and natural resources; ships and aircraft are excluded. The rule covers income from direct use, letting, other uses, enterprise property income and property used for independent personal services.
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