Income from immovable property may be taxed in the State where the property is situated, including agricultural income. Income from immovable property situated in one Contracting State and derived by a resident of the other Contracting State may be taxed in the State where the property is located; this covers agriculture and forestry and income from direct use, letting or other forms of use. The term immovable property is determined by the law of the State where the property sits and includes accessories, livestock and agriculture equipment, landed-property rights, usufruct and payments for working mineral deposits, but excludes ships, boats and aircraft. The Article applies to individuals and enterprises, and to property used for independent personal services.