Income from immovable property can be taxed in the state where the property is located, including agricultural income.

Income from immovable property 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 located; this includes income from agriculture or forestry and income from direct use, letting, or other forms of use, while ships, boats and aircraft are excluded.

---

---

---