Income from immovable property may be taxed where the property is situated, covering rents and related resource rights. Income from immovable property is taxable in the State where the property is situated; immovable property is defined by that State's law and includes accessories, agriculture and forestry livestock and equipment, rights governed by landed-property law, usufruct, and rights to payments for working mineral deposits and other natural resources, while ships, boats and aircraft are excluded; the rule applies to income from direct use, letting or other use and to enterprise property and property used in professional 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 where the property is situated, covering rents and related resource rights.
Income from immovable property is taxable in the State where the property is situated; immovable property is defined by that State's law and includes accessories, agriculture and forestry livestock and equipment, rights governed by landed-property law, usufruct, and rights to payments for working mineral deposits and other natural resources, while ships, boats and aircraft are excluded; the rule applies to income from direct use, letting or other use and to enterprise property and property used in professional services.
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