Access details of Housing Developers (Special Provisions) Law, No. 49 Of 1973 . Get access to the full amendment history, summary, English, Sinhala, Tamil PDFs and the consolidated act (if applicable)
Summary of Housing Developers (Special Provisions) Law, No. 49 Of 1973
The Housing Developers (Special Provisions) Law aims to provide income tax concessions to individuals constructing houses for sale in Sri Lanka. It exempts profits and income from the sale of certain houses from income tax, specifically targeting first-time sales of houses built after the law's commencement and before a specified date. The exemptions are contingent on the house's floor area and sale price, with additional provisions for houses with appurtenant land exceeding designated...
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Housing Developers (Special Provisions) Law, No. 49 Of 1973. English, Sinhala and Tamil PDFs.
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