Taxation of immovable property: income may be taxed in the state where the property is situated under treaty rules. Income from immovable property is taxable in the Contracting State where the property is situated. Immovable property is defined by the law and usage of that State and includes accessories to land, agricultural and forestry livestock and equipment, rights subject to landed property law, usufruct, and rights to payments for working or the right to work mineral deposits, oil wells, quarries and other extraction sites, excluding ships, boats and aircraft. The rule covers income from direct use, letting or other use, including enterprise income and income from 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: income may be taxed in the state where the property is situated under treaty rules.
Income from immovable property is taxable in the Contracting State where the property is situated. Immovable property is defined by the law and usage of that State and includes accessories to land, agricultural and forestry livestock and equipment, rights subject to landed property law, usufruct, and rights to payments for working or the right to work mineral deposits, oil wells, quarries and other extraction sites, excluding ships, boats and aircraft. The rule covers income from direct use, letting or other use, including enterprise income and income from property used to perform professional services.
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