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<h1>Gains from selling immovable property can be taxed in the property's state; shares tied to property also taxable there.</h1> Gains derived by a resident of a Contracting State from the sale of immovable property in the other Contracting State may be taxed in that other State. Gains from movable property related to a permanent establishment or fixed base for independent services in the other State can also be taxed there. Gains from ships or aircraft in international traffic are taxable in the State where the enterprise's effective management is located. Gains from shares in a company with primarily immovable property in a Contracting State may be taxed there. Other gains are taxable only in the alienator's resident State.