Taxation of immovable property: State where the property is located may tax income from its use, letting, or extraction rights. Income from immovable property may be taxed in the Contracting State where the property is situated. 'Immovable property' is defined by local law and includes accessories, livestock and equipment used in agriculture and forestry, rights subject to landed property law, usufruct, and payments for working or rights to work mineral deposits, oil wells, quarries and other extraction places; ships and aircraft are excluded. The rule covers income from direct use, letting or other forms of use and applies to 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.
Taxation of immovable property: State where the property is located may tax income from its use, letting, or extraction rights.
Income from immovable property may be taxed in the Contracting State where the property is situated. "Immovable property" is defined by local law and includes accessories, livestock and equipment used in agriculture and forestry, rights subject to landed property law, usufruct, and payments for working or rights to work mineral deposits, oil wells, quarries and other extraction places; ships and aircraft are excluded. The rule covers income from direct use, letting or other forms of use and applies to enterprise property and property used to perform professional services.
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