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Land (Restrictions on Alienation) Act No. 38 of 2014.

Pays/Territoire
Sri Lanka
Type du document
Législation
Date
2014
Source
FAO, FAOLEX
Titre complet
An Act to make provisions to stipulate Restrictions on the Alienation of Lands in Sri Lanka to foreigners, Foreign Companies and certain Institutions with foreign shareholding; to specify the circumstances where the exemptions are granted; to impose a Land Lease Tax for leasing of lands to foreigners, Foreign Companies and Certain Institutions with Foreign Shareholding; for the granting of Concessions to certain Development Projects; for the repeal of Part VI of the Finance Act, No. 11 of 1963; and to provide for matters connected therewith or incidental thereto.
Sujet
Terre et sols
Mot clé
Propriété Régime foncier Planification territoriale Location Procédures judiciaires/procédures administratives Propriété étrangère Planification environnementale Politique/planification
Aire géographique
Asie, Asie et Pacifique, Océan Indien, Mer de l'Asie du Sud-Est, Asie du Sud
Entry into force notes
This Act enters into force on 1 January 2013.
Résumé

The Act, consisting of 25 sections, makes provisions to stipulate restrictions on the alienation of lands in Sri Lanka to foreigners, foreign companies and certain institutions with foreign shareholding; to specify the circumstances where the exemptions are granted; to impose a Land Lease Tax for leasing lands to foreigners, foreign companies and certain institutions with foreign shareholding; for the granting of concessions to certain Development Projects. In addition, it specifies that the transfer of title of any land situated in Sri Lanka, shall be prohibited if such transfer is: a) to a foreigner; or b) to a company incorporated in Sri Lanka under the Companies Act where any foreign shareholding in such company, either direct or indirect, is fifty per cent or above; or c) to a foreign company, unless exempted as provided in section 3.

Texte intégral
Anglais
Site web
www.ird.gov.lk

Références - Législation

Amendé par

Land (Restrictions on Alienation) (Amendment) Act No. 21 of 2018.

Législation | Sri Lanka | 2018

Mot clé: Régime foncier, Planification territoriale, Procédures judiciaires/procédures administratives

Source: FAO, FAOLEX