Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Gains from immovable property taxed where located; movable linked to business taxed at establishment; ships/aircraft taxed at base.</h1> Gains from the sale of immovable property may be taxed in the state where the property is located. Gains from movable property linked to a business's permanent establishment or fixed base in another state can be taxed in that other state. Gains from ships and aircraft used in international traffic are taxable only in the state where the enterprise is based. Other property gains are taxable only in the resident's state. 'Alienation' includes sale, exchange, transfer, relinquishment, or compulsory acquisition of property.
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