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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Taxation of Property and Share Gains: Rules for Different States and International Traffic Explained</h1> Gains from the sale of immovable property by a resident of one state, when the property is located in the other state, may be taxed in the state where the property is situated. Gains from movable property related to a business's permanent establishment in the other state can also be taxed there. Gains from international traffic ships or aircraft are taxed where the enterprise's effective management is located. Gains from substantial interests in non-quoted shares of a company in the other state, primarily derived from immovable property, may be taxed in that state. Other gains are generally taxed in the resident's state, with specific exceptions for corporate transactions. Each state retains the right to tax gains from shares of companies resident in their state if the individual was a former resident within the last five years.
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