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Land Betterment Charges Law.

Country/Territory
Sri Lanka
Document type
Legislation
Date
1976
Source
FAO, FAOLEX
Long title
A Law to provide for the levy of betterment charges on lands within areas where the value of land has increased as a result of the construction within those areas of certain development projects , financed in whole or in part by the State, and to provide for matters connected therewith or incidental thereto.
Subject
Land & soil
Keyword
Agricultural land Land valuation Tax/levy
Geographical area
Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia
Abstract

The Law provides for the application of taxes on lands on which have been carried out interventions financed wholly or partly by State funds (road building, water or electricity supplies, etc. etc.) that improved them. The rate tenants or owners have to pay is calculated as 50% of market value increase for that parcel of land.

Full text
English