Income from Real Property. 1. Income derived by a resident of a Contracting State from real property, including income from agriculture or forestry, situated in the other Contracting State may be taxed in that other State. 2. The provisions of paragraph 1 of this Article shall apply to income derived from the direct use, letting, or use in any other form of real property. 3. The provisions of paragraphs 1 and 2 of this Article shall also apply to the income from real property of an enterprise.
Appears in 4 contracts
Samples: Convention for the Avoidance of Double Taxation, Convention for the Avoidance of Double Taxation, Convention for the Avoidance of Double Taxation
Income from Real Property. 1. Income derived by a resident of a Contracting State from real property, property (including income from agriculture or forestry, ) situated in the other Contracting State may be taxed in that other State.
2. The provisions of paragraph 1 of this Article shall apply to income derived from the direct use, letting, or use in any other form of real property.
3. The provisions of paragraphs 1 and 2 of this Article shall also apply to the income from real property of an enterpriseenterprise and to income from real property used for the performance of independent personal services.
Appears in 1 contract
Samples: Income and Capital Tax Agreement
