Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsThe amount of land betterment charges paid to be taken into account in computation of capital gains tax,
| 15. Where any land in respect of which a land betterment charge is payable is subject to a change of ownership, the amounts paid as a land betterment charge on such land by the person disposing of the ownership of such land, shall be deductible from the amount assessed as the value of such land at the time of such change of ownership, for the purposes of the computation of the capital gains tax payable by such person, under the Inland Revenue Act, No. 4 of 1963. |