5.
*Sections 3 and 4 shall not apply for any year of assessment commencing on or after April 1, 1981-See section 15 of the Finance Act, No. 65 of 1961.| (1) There shall be excluded, for such period as the Minister may by Order determine, from the total extent of land in respect of which land tax is charge-able from any person for any year of assessment any such extent of land as is proved to the satisfaction of the Commissioner to be replanted or newly planted with rubber, tea, coconut, cocoa, cinnamon or citronella plants or with such other permanent crops as may be notified by the Minister by Order published in the Gazette. |
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| (2) There shall be excluded from the total extent of land in respect of which land tax is chargeable from a charitable institution within the meaning of the Income Tax Ordinance, any extent of land the income from which, or the annual value of which, is exempted from income tax under the Income Tax Ordinance. |
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" There shall be charged for each year of assessment commencing on or after April 1, 1961, from every person who is the owner of any land in Ceylon the total extent of which on the last date of the year preceding that year of assessment is not less than twenty acres (such total extent including the extent of any share of any land owned by such person in common with any other person) land tax under the Land Tax Act, No. 27 of 1961, at the following rates: - Where the total extent of land is not less than twenty and not more than fifty acres.----- Rs. 5 for each acre of the total extent of such landWhere the total extent of land is more than fifty acres and less than one hundred acres ------- Rs. 10 for each acre of the total extent of such land.Where the total extent of land is one hundred acres and more ---- Rs. 15 for each acre of the total extent of such land . ", -See section 16 of the Finance Act, No. 65 of 1961. |
Sri Lanka Consolidated Acts