Income from immovable property taxable where the property is situated; definition includes usufruct and extraction rights. Income from immovable property is taxable in the Contracting State where the property is situated, applying to income from direct use, letting or any other form of use. 'Immovable property' is defined by local law and usage and includes accessories, agricultural livestock and equipment, rights governed by landed property law, usufruct, and payments for working or rights to work mineral deposits, oil wells, quarries and other extraction sites; ships and aircraft are excluded. The provision covers enterprise property and property used to perform 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 taxable where the property is situated; definition includes usufruct and extraction rights.
Income from immovable property is taxable in the Contracting State where the property is situated, applying to income from direct use, letting or any other form of use. "Immovable property" is defined by local law and usage and includes accessories, agricultural livestock and equipment, rights governed by landed property law, usufruct, and payments for working or rights to work mineral deposits, oil wells, quarries and other extraction sites; ships and aircraft are excluded. The provision covers enterprise property and property used to perform professional services.
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