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<h1>Article 13: Taxation Rules for Capital Gains in Trinidad and Tobago's Double Tax Avoidance Agreement Explained</h1> Article 13 of the Double Tax Avoidance Agreement between Trinidad and Tobago outlines the taxation of capital gains. Gains from the sale of immovable property in one Contracting State by a resident of the other may be taxed in the state where the property is located. Movable property linked to a permanent establishment or fixed base may also be taxed in the state where the establishment or base is situated. Gains from ships or aircraft in international traffic are taxable only in the state of the enterprise. Shares primarily consisting of immovable property may be taxed where the property is located, while other shares are taxed in the resident state. Gains from other property are taxable only in the alienator's resident state.