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Sri Lanka to charge 10-pct capital gains tax on property: Budget 2017

ECONOMYNEXT – Sri Lanka will charge a 10 percent capital gains tax on immovable property, Finance Minister Ravi Karunanayake said, in a budget for 2017.

Details were unavailable, but earlier reports suggested that property bought and sold before the expiry of 10 years would be subjected to the tax.

 No mention was made of capital gains tax on stocks.

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