Income from immovable property: taxable in the State where the property is situated, including agricultural and resource rights. Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in the State where the property is situated; immovable property is defined by the law of the situs State and includes accessories, agricultural livestock and equipment, land-related rights, usufruct and payments for working natural resources, while excluding ships, boats and aircraft. The provision covers direct use, letting and other forms of use and applies to 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.
Income from immovable property: taxable in the State where the property is situated, including agricultural and resource rights.
Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in the State where the property is situated; immovable property is defined by the law of the situs State and includes accessories, agricultural livestock and equipment, land-related rights, usufruct and payments for working natural resources, while excluding ships, boats and aircraft. The provision covers direct use, letting and other forms of use and applies to enterprise property income and property used for independent personal services.
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