TMI BlogIncome from immovable propertyX X X X Extracts X X X X X X X X Extracts X X X X ..... y shall be taxable only in the Contracting State in which such property is situated. 2. The term "immovable property" shall be defined in accordance with the law and usage of the Contractin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mineral deposits, sources and other natural resources. Ships and aircraft shall not be regarded as immovable property. 3. The provisions of paragraph (1) shall apply to income derived from the direc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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