Taxation of immovable property permits taxing income where the property is located, including rents and resource based rights. Income from immovable property may be taxed in the Contracting State where the property is situated. 'Immovable property' as defined by local law includes property accessory to land, livestock and equipment used in agriculture and forestry, rights covered by landed property law, usufructs, and rights to payments for working or the right to work mineral deposits and other natural resources; ships, boats and aircraft are excluded. The rule covers income from direct use, letting or other use, and applies to enterprise property income and property used for independent personal 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 permits taxing income where the property is located, including rents and resource based rights.
Income from immovable property may be taxed in the Contracting State where the property is situated. "Immovable property" as defined by local law includes property accessory to land, livestock and equipment used in agriculture and forestry, rights covered by landed property law, usufructs, and rights to payments for working or the right to work mineral deposits and other natural resources; ships, boats and aircraft are excluded. The rule covers income from direct use, letting or other use, and applies to enterprise property income and property used for independent personal services.
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