[Code of Federal Regulations]
[Title 26, Volume 18, Parts 500 to 599]
[Revised as of April 1, 2000]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR514.108]

[Page 97]
 
                       TITLE 26--INTERNAL REVENUE
 
     CHAPTER 1--INTERNAL REVENUE SERVICE DEPARTMENT OF THE TREASURY 
                               (Continued)
 
PART 514--FRANCE--Table of Contents
 
                       Subpart--General Income Tax
 
Sec. 514.108  Income from real property, including mineral royalties.

    Income of whatever nature derived by a nonresident alien individual 
who is a resident of France, or by a French corporation or other French 
entity from real property situated in the United States, including gains 
derived from the sale of such property and royalties in respect of the 
operation of mines, quarries, or other natural resources situated in the 
United States, is not exempted from taxation by the convention. The 
treatment of such income for taxation purposes is governed by those 
provisions of the Internal Revenue Code applicable generally to the 
taxation of nonresident aliens and foreign corporations.