Taxation of immovable property: income may be taxed in the state where the property is situated. Income from immovable property may be taxed in the Contracting State where the property is situated; this covers income from agriculture and forestry and from direct use, letting or other forms of use. 'Immovable property' is defined by the law of the situs State and includes property accessories, livestock, agricultural and forestry equipment, rights governed by landed property law, usufruct, and rights to payments for working or rights to work mineral deposits and natural resources, while excluding ships, boats and aircraft. The rule also applies to enterprises and independent personal services using immovable property.
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.
Taxation of immovable property: income may be taxed in the state where the property is situated.
Income from immovable property may be taxed in the Contracting State where the property is situated; this covers income from agriculture and forestry and from direct use, letting or other forms of use. "Immovable property" is defined by the law of the situs State and includes property accessories, livestock, agricultural and forestry equipment, rights governed by landed property law, usufruct, and rights to payments for working or rights to work mineral deposits and natural resources, while excluding ships, boats and aircraft. The rule also applies to enterprises and independent personal services using immovable property.
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