ARTICLE 22
Capital
(1) Immoveable property in the sense of Article 6 that belong to a person resident in one Contracting State and are located in the other Contracting State can be taxed in the other State.
(2) Moveable property that are business property of a permanent establishment that is owned by a business of one Contracting State in the other Contracting State can be taxed in the other State.
(3) See vessels and aircraft that are operated in international traffic and ships that are used as vessels of inland navigation as well as moveable property that serve the operation of these ships or aircraft can only be taxed in the Contracting State in which the business's place of effective management is located.
(4) All other property of a person resident in a Contracting State can only be taxed in this State.