Common use of GAINS FROM THE ALIENATION OF PROPERTY Clause in Contracts

GAINS FROM THE ALIENATION OF PROPERTY. 1. Gains derived by a resident of a Contracting Party from the alienation of immovable property referred to in Article 6 and situated in the other Contracting Party may be taxed in that other Party.

GAINS FROM THE ALIENATION OF PROPERTY. 1. Gains derived by a resident of a Contracting Party State from the alienation of immovable real property referred to in Article 6 (Income from Real Property) and situated in the other Contracting Party State may be taxed in that other PartyState.