ARTICLE 21
Capital
(1) Capital represented by immovable property, referred to in Article 6, owned by a resident of a Contracting State and situated in the other Contracting State, may be taxed in the other State in which the property is situated.
(2) Capital represented by movable property forming part of the business property of a permanent establishment which an enterprise of a Contracting State has in the other Contracting State, may be taxed in the other Contracting State.
(3) Capital represented by ships or aircraft operated in international traffic and by movable property pertaining to the operation of such ships and aircraft, shall be taxable only in the Contracting State in which the place of effective management of the enterprise is situated.
(4) All other elements of capital, which belong to a resident of a Contracting State, shall be taxable in that Contracting State.