AUSTRALIAN TAX TREATIES

Maltese Agreement  

AGREEMENT BETWEEN AUSTRALIA AND MALTA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME  

CHAPTER III - TAXATION OF INCOME  

ARTICLE 13   Alienation of Property  

(1)  
Income or gains from the alienation of real property may be taxed in the Contracting State in which the real property is situated.

(2)  
Income or gains from the alienation of shares or comparable interests in a company, the assets of which consist wholly or principally of real property, may be taxed in the Contracting State in which the assets or the principal assets of the company are situated.

(3)  
For the purposes of this Article:


(a) the term " real property " has the same meaning that it has in Article 6; and


(b) any lease, interest or right referred to in any subparagraph of paragraph (2) of that Article shall be regarded as situated where the land, mineral deposits, oil or gas wells, quarries or natural resources, as the case may be, are situated or the exploration may take place.




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