looks like CGT charge who earn morethan 2 Millions Rupees as a capital gain for year

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Senior Vice President - Equity Analytics

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Join date : 2012-02-19

ECONOMYNEXT - Sri Lanka's planned capital gains tax is likely to apply to land as well as shares, Megthough it exact application is not yet known, Megapolis Minister Patali Ranawaka said. Sri Lanka's land values are going up especially when infrastructure projects are built, but the state is unable to capture any of its value, he told a Sri Lanka's Foreign Correspondents' Association in Colombo. In most countries the sale of the house which is the main residence of a person in exempt from capital gains tax. There are annual exempt thresholds as well. In the UK it is 11,000 pounds or about two million Sri Lanka rupees a year and only gains above the limit are taxed. This give relief to small investors and property owners. In Sri Lanka there is a high degree of uncertainty about how the tax will be applied, which has made investors jittery. (Colombo/June28/2016)

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Senior Vice President - Equity Analytics

Posts : 2945
Equity Stars : 8952
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Join date : 2012-02-19

if its drag to 5 Million level then small investor Panic will be over.

2 Millions also good figure. with holding time more-than 3 year and less-than one week very good for day traders and investors.

but i am play with two quarters then i have to pay.

they can pass the act. but its take time to implement in system level. maybe they are going to introduce now and it will be charge from 2017 or 2017 financial year (01/04 - 31.03)

will see...

eka eka kabbo kiyana dewal walata rawatenna epa. stock market eka aulnam stock market earnings ganna barinam stocks wikunala aiyn wenna. nikan le puchcha ganne nathuwa saha. boruwata panic karana set ekatath kiyanne

Shammi Dharshana

Shammi Dharshana

Senior Manager - Equity Analytics

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Join date : 2015-08-19

Suranga malli ,,paca, tambiya market eka panic karanawa.

Pac-man

Pac-man

Assistant Vice President - Equity Analytics

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Join date : 2015-02-06

Athhatama shammo uba buy karapanko reddak Katha karannae nathuwa. Adu gannae ethakota watena ganna aduwei lik -110 points

EquityChamp

EquityChamp

Moderator

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We should not argue with each other. But as a group of people well affected by this kind of inappropriate policies should group together and lobby our concern. Above all of these we are stakeholders of this country.

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looks like CGT charge who earn morethan 2 Millions Rupees as a capital gain for year

1 looks like CGT charge who earn morethan 2 Millions Rupees as a capital gain for year Tue Jun 28, 2016 11:11 pm

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2 Re: looks like CGT charge who earn morethan 2 Millions Rupees as a capital gain for year Tue Jun 28, 2016 11:18 pm

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3 Re: looks like CGT charge who earn morethan 2 Millions Rupees as a capital gain for year Wed Jun 29, 2016 6:28 am

Shammi Dharshana

4 Re: looks like CGT charge who earn morethan 2 Millions Rupees as a capital gain for year Wed Jun 29, 2016 7:53 am

Pac-man

5 Re: looks like CGT charge who earn morethan 2 Millions Rupees as a capital gain for year Wed Jun 29, 2016 8:04 am

EquityChamp

6 Re: looks like CGT charge who earn morethan 2 Millions Rupees as a capital gain for year

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