Income from immovable property may be taxed in the State where the property is situated, including agricultural and resource rights. Income from immovable property situated in one Contracting State and received by a resident of the other may be taxed in the State where the property is located; this includes income from agriculture and forestry and from direct use, letting or other use. The definition of immovable property follows the law of the State where the property is situated and includes accessories, livestock and equipment used in agriculture and forestry, usufruct, and payments for working or rights to work natural resources; ships, boats and aircraft are excluded. The rule also covers 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 may be taxed in the State where the property is situated, including agricultural and resource rights.
Income from immovable property situated in one Contracting State and received by a resident of the other may be taxed in the State where the property is located; this includes income from agriculture and forestry and from direct use, letting or other use. The definition of immovable property follows the law of the State where the property is situated and includes accessories, livestock and equipment used in agriculture and forestry, usufruct, and payments for working or rights to work natural resources; ships, boats and aircraft are excluded. The rule also covers enterprise property income and property used for independent personal services.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
