TMI BlogIncome from immovable propertyX X X X Extracts X X X X X X X X Extracts X X X X ..... rom immovable property may be taxed in the ContractingState in which such property is situated. 2. The term "immovable property" shall be defined in accordance with the law and usage of the Contracti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osits, oil wells, quarries and other places of extraction of natural resources. Ships and aircraft shall not be regarded as immovable property. 3. The provisions of paragraph 1 shall apply to income ..... X X X X Extracts X X X X X X X X Extracts X X X X
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