FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CAPITAL GAIN TAX

CAPITAL GAIN TAX

4 posters

Go down  Message [Page 1 of 1]

1CAPITAL GAIN TAX Empty CAPITAL GAIN TAX Tue Mar 28, 2017 5:46 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Is capital gain tax (CGT) of 10% effective 1st of April for immovable property sold?
If so, there must be a formula for gain/loss computation. Also, certain allowable expenditure to reduce the gain to be identified.

2CAPITAL GAIN TAX Empty Re: CAPITAL GAIN TAX Sat Apr 01, 2017 11:46 am

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

I have a land bought at RS. 100,000/=. Now I can sell it around RS. 10 million after 30 years. Will government impose CGT to that sale ? If "yes" how much?

3CAPITAL GAIN TAX Empty Re: CAPITAL GAIN TAX Sat Apr 01, 2017 12:50 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Not sure how the CGT tax act is designed in SL. In some countries there is a capital gain tax allowance given for individual being a tax relief which reduces the gain taxable.

4CAPITAL GAIN TAX Empty Re: CAPITAL GAIN TAX Sat Apr 08, 2017 11:17 pm

EquityChamp

EquityChamp
Moderator
Moderator

It seems the new tax rules will be postponed without implementing from 1st of April. May be they will say the same thing in November budget speech as well.

5CAPITAL GAIN TAX Empty Re: CAPITAL GAIN TAX Sun Apr 09, 2017 9:12 am

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

hettdas wrote:I have a land bought at RS. 100,000/=. Now I can sell it around RS. 10 million after 30 years. Will government  impose CGT to that sale ? If "yes" how much?
No.
CGT apply only if the selling day of the land is within 10 years of the day you bought the land.

6CAPITAL GAIN TAX Empty Re: CAPITAL GAIN TAX Sun Apr 09, 2017 6:30 pm

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

sapumal wrote:
hettdas wrote:I have a land bought at RS. 100,000/=. Now I can sell it around RS. 10 million after 30 years. Will government  impose CGT to that sale ? If "yes" how much?
No.
CGT apply only if the selling day of the land is within 10 years of the day you bought the land.

OK... Thanks

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum