ARTICLE 15. INCOME FROM REAL PROPERTY

U.S. Income Tax Treaty — Technical Explanation 1970 · 2026-10-03 edition · updated 2026-10-04 · United States

This Article provides a resident who is subject to taxation on income from real property with an election to be taxed on a net basis. The election applies to income from real property, including gains derived from the sale or exchange of such property, -and natural resource royalties. Each State retains the right

to tax income from real property under paragraph (1) of Article 3 (General Rules of Taxation).

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▸Contents — U.S. Income Tax Treaty — Technical Explanation 1970

U.S. Income Tax Treaty — Technical Explanation 1970

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