AUSTRALIAN TAX TREATIES

Czech Agreement  

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

ARTICLE 6   Income from Real (Immovable) Property  

1.  
Income from real property may be taxed in the Contracting State in which the real property is situated.

2.  
In this Article, the term " real property " , in relation to a Contracting State, has the meaning which it has under the laws of that State and includes:


(a) a lease of land and any other interest in or over land, whether improved or not, including a right to explore for mineral, oil or gas deposits or other natural resources, and a right to mine those deposits or resources; and


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

3.  
The provisions of paragraph 1 shall apply to income derived from the direct use, letting, or use in any other form of real property.

4.  
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.

5.  
The provisions of paragraphs 1, 3 and 4 shall also apply to income from real property of an enterprise and to income from real property used for the performance of independent personal services.




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