Transfer of Property Tax Law (No. 11 of 1963).
Country
Type of law
Legislation
Abstract
This Act imposes a property tax when there is a transfer of ownership of property to persons who are not citizens of Sri Lanka. They shall be charged from the transferee of such property an amount equivalent to the value of that property (sect. 2). The tax shall be paid to the Registrar of Lands in that district and paid into a Consolidated Fund. Section 3 concerns the effects of non-payment whereas there are provisions concerning the procedure for recovering due tax (sect. 8). There are further provisions regarding offences and a list of definitions relevant to the Act.
Attached files
Long title of text
An Act to provide for the imposition of a transfer of property tax for any year of assessment commencing on or after October 1963, and to provide for matters connected therewith or incidental thereto.
Date of text
Repealed
No
Source language
English
Legislation Amendment
No
Amended by