Immovable property income: taxable in the jurisdiction where the property is located, including agriculture, forestry and resource payments.

Income from immovable property is taxable in the jurisdiction where the property is situated, including income from agriculture and forestry. "Immovable property" is defined by local law and includes accessories to land, livestock and equipment used in agriculture and forestry, rights governed by landed property law, usufruct, and payments for the right to work mineral deposits and other natural resources; ships, boats and aircraft are excluded. Taxing rights cover income from direct use, letting or other forms of use, and apply equally to enterprises and to property used for independent personal services.

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