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<h1>Taxation Rules for Gains from Property Sales Between Contracting States Explained</h1> Gains from the sale of immovable property by a resident of one Contracting State, located in the other Contracting State, may be taxed in the latter. Gains from movable property linked to a business or fixed base in the other Contracting State are also taxable there. Gains from ships or aircraft in international traffic are taxable only in the alienator's resident state. Gains from shares primarily comprising immovable property in a Contracting State may be taxed there, while other share sales are taxable in the company's resident state. All other property gains are taxable only in the alienator's resident state.