AUSTRALIAN TAX TREATIES

United Kingdom Convention  

CONVENTION BETWEEN THE GOVERNMENT OF AUSTRALIA AND THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL GAINS  

ARTICLE 6   Income from Real Property  

1  
Income derived by a resident of a Contracting State from real property may be taxed in the Contracting State in which the real property is situated.

2  
The term " real property " shall have the meaning which it has under the law of the Contracting State in which the property is situated. The term shall in any case include:


(a) a lease of land or any other interest in or over land;


(b) property accessory to real property;


(c) livestock and equipment used in agriculture and forestry;


(d) usufruct of real property;


(e) a right to explore for mineral, oil or gas deposits or other natural resources, and a right to mine those deposits or resources; and


(f) a right to receive variable or fixed payments either as consideration for or in respect of the exploitation of, or the right to explore or exploit, mineral, oil or gas deposits, quarries or other places of extraction or exploitation of natural resources.

Ships and aircraft shall not be regarded as real property.

3  
Any interest or right referred to in paragraph 2 shall be regarded as situated where the land, mineral, oil or gas deposits, quarries or natural resources, as the case may be, are situated or where the exploration may take place.

4  
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.

5  
The provisions of paragraphs 1, 3 and 4 of this Article shall also apply to the income from real property of an enterprise.




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