Posted by
cbc
17 yrs ago
Hello, I'm thinking of buying in Sri Lanka.
Is there anyone out there who can give me any advise, Freehold, 99 year lease, avoiding 100% tax.
Many thanks
cbc
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A foreigner is required to pay 100% tax on purchase of real property in SL except when he purchases a unit(s) in a condominium property.
He is entitled to purchase a unit(s) on or above the 4th floor of a condominium and should show inward remittance of funds for the purpose..
Should you require further information please do contact our Mr. N.T.S.Kularatne, Solicitor, a Sri-Lankan Lawyer at 2526 1767.
Weir & Associates
Solicitors & Notaries
16th Floor Tak Shing House
Theatre Lane
20 Des Voeux Road Central
Central
Hong Kong
Tel : 2526-1767
Fax : 2868-3568
email : weirlaw@hongkonglaw.com
www.HongKongLaw.com/weirlaw
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cbc
17 yrs ago
Thanks for your info.
What about a 99 year lease or opening a sleeper company??
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