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<h1>Income from immovable property in another State may be taxed there; excludes ships, boats, aircraft.</h1> Income derived by a resident of one Contracting State from immovable property located in the other Contracting State may be taxed in that other State. 'Immovable property' is defined by the laws of the State where it is located and includes property accessory to immovable property, agricultural and forestry equipment, and rights related to natural resources. Ships, boats, and aircraft are excluded. This provision applies to income from direct use, leasing, or other uses of immovable property, including income from enterprises and independent personal services related to such property.