Gains. 1. Gains derived by a resident of a Contracting State that are attributable to the alienation of real (immovable) property situated in the other Contracting State may be taxed in that other State. 2. For the purposes of this Article the term “real (immovable) property situated in the other Contracting State” shall include: a) real (immovable) property referred to in Article 6 (Income from Real (Immovable) Property); b) where that other State is the United States, a United States real property interest; and c) where that other State is Malta, i) shares, including rights to acquire shares, in a company resident in Malta whose assets consist wholly or principally of real (immovable) property referred to in subparagraph a) of this paragraph situated in Malta; and
Appears in 2 contracts
Samples: Convention for the Avoidance of Double Taxation, Convention for the Avoidance of Double Taxation
Gains. 1. Gains derived by a resident of a Contracting State that are attributable to the alienation of real (immovable) property situated in the other Contracting State may be taxed in that other State.
2. For the purposes of this Article the term “"real (immovable) property situated in the other Contracting State” " shall include:
a) real (immovable) property referred to in Article 6 (Income from Real (Immovable) Property);
b) where that other State is the United States, a United States real property interest; and
c) where that other State is Malta, i) shares, including rights to acquire shares, in a company resident in Malta whose assets consist wholly or principally of real (immovable) property referred to in subparagraph a) of this paragraph situated in Malta; and
Appears in 2 contracts
Samples: Convention for the Avoidance of Double Taxation, Convention for the Avoidance of Double Taxation
