Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය

Latest topics

» JACKPOT for LDEV share holders
by Chanuque Today at 11:04 am

» WATCHOUT CITRUS GROUP SHARES
by Eugine Fernando Today at 10:47 am

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by 2017 Cse Yesterday at 7:27 pm

» Jackpot For LDEV share holders
by bushra03 Yesterday at 6:07 pm

» LLMP -වාර්තාව හොඳ නැත
by max shanu Yesterday at 9:01 am

» Meka Mahinda Rajapaksege Wadak
by kjojo Yesterday at 8:55 am

» CFVF will HIT. 40 BY Next. Thursday
by sanjulanka Mon Nov 20, 2017 11:45 pm

» MULL trade up possibilities
by Hewagak Mon Nov 20, 2017 8:48 pm

» GROUP LEASE PUBLIC COMPANY LIMITED vs COCR
by TARGET Mon Nov 20, 2017 6:21 pm

» Commercial Credit COCR and Group Lease Deal Pricing story
by kjojo Mon Nov 20, 2017 3:10 pm

» HEXP N.0000
by chathura Mon Nov 20, 2017 11:26 am

» CFT 7+...........today
by max shanu Mon Nov 20, 2017 11:10 am

» GRANN - Gonna fly
by prasa2004 Mon Nov 20, 2017 8:55 am

» Any News on JINS???
by prasa2004 Mon Nov 20, 2017 8:51 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by kjojo Sun Nov 19, 2017 5:28 pm

» Watch DFCC and NDB and guess which one is best
by Small Investor Sun Nov 19, 2017 10:28 am

» HVA - Game changer! High profits this quarter!!!!!
by Yahapalanaya Sat Nov 18, 2017 11:51 pm

» is KFP good to buy
by Fayaz_2017 Fri Nov 17, 2017 4:19 pm

» Plantation stocks
by anjelo Fri Nov 17, 2017 3:43 pm

» Good News - Watch ( VFIN , LFIN , CFIN, SAMP,LOFC)
by Harry82 Thu Nov 16, 2017 9:10 pm

» Avoid investing in Abans Group company shares
by fortuneteller Thu Nov 16, 2017 8:55 pm

» LDEV trading on a PEOf 2
by bushra03 Thu Nov 16, 2017 6:38 pm

» How about LDEV
by sanjulanka Thu Nov 16, 2017 2:16 pm

» Plantation Stocks....
by JamesL Thu Nov 16, 2017 2:04 pm

» Don't get caught others form promoters plantation shares
by Wimal Modawansa Thu Nov 16, 2017 7:18 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » CAPITAL GAIN TAX

CAPITAL GAIN TAX

View previous topic View next topic Go down  Message [Page 1 of 1]

1 CAPITAL GAIN TAX on 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.

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

hettdas

avatar
Senior Manager - Equity Analytics
Senior Manager - 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?

3 Re: CAPITAL GAIN TAX on 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.

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

EquityChamp

avatar
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.

5 Re: CAPITAL GAIN TAX on 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.

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

hettdas

avatar
Senior Manager - Equity Analytics
Senior Manager - 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

View previous topic View next topic Back to top  Message [Page 1 of 1]

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