Transfer of Property Tax Law (No. 11 of 1963). Country/Territory Sri Lanka Document type Legislation Date 1963 Source FAO, FAOLEX Long titleAn Act to provide for the imposition of a transfer of property tax for any year of assessment commencing on or after October 1963, and to provide for matters connected therewith or incidental thereto. Subject Land & soil Keyword Land valuation Tax/levy Land tenure Transfer Ownership Geographical area Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia Abstract This Act imposes a property tax when there is a transfer of ownership of property to persons who are not citizens of Sri Lanka. They shall be charged from the transferee of such property an amount equivalent to the value of that property (sect. 2). The tax shall be paid to the Registrar of Lands in that district and paid into a Consolidated Fund. Section 3 concerns the effects of non-payment whereas there are provisions concerning the procedure for recovering due tax (sect. 8). There are further provisions regarding offences and a list of definitions relevant to the Act. Full text English References - Legislation Amended by Transfer of Property Tax (Amendment) Act. Legislation | Sri Lanka | 1982 Keyword: Tax/levy, Transfer, Land tenure, Ownership Source: FAO, FAOLEX