SALE OF STATE AND PRIVATE LAND TO FOREIGNERS PROHOBITED

February 21, 2013

The Cabinet has decided to prohibit outright sale of State and private land to foreigners, Media Minister Keheliya Rambukwella stated today (February 21) the Government Information Department reported.

These comments were made at the cabinet briefing held today (February 21) in Colombo.

China gets Colombo 7 prime land free of tax

By Chandani Kirinde-Sunday, February 03, 2013

On an order by President Mahinda Rajapaksa, the sale of 122 perches of prime land in Horton Place, Colombo 7 to the Chinese embassy has been exempted from taxes normally levied for the sale of property to foreigners.

Under the provisions of the Finance Act, when there is a transfer of ownership of property within Sri Lanka, a tax equivalent to the value of the property is charged from the transferee if more than 25 per cent of its ownership goes to a person who is not a citizen of Sri Lanka.

The Colombo 7 land transfer to the Chinese embassy has also been exempted from another provision which prohibits the sale of property below the value specified by the Chief Valuer.

The order made by President Rajapaksa in his capacity as the Minister of Finance and Planning said the relevant sections in the Finance Act would not apply to the transfer of the land and premises located at No. 112, Horton place, Colombo 7.

Canadian national stabbed in Paranthan area

[ Friday, 04 May 2012, 12:21.08 PM GMT +05:30 ]

Group of unidentified person have stabbed a Canadian national at Paranthan area.

This fatal incident occurred at 9.00 pm last evening at Paranthan Kumarapuram area. Man arrives from Canada to watch his lands at Killinochchie Kumarapuram area has been stabbed this regar. Victim is identified has 53 years old Antoypillai Mahendrarasa. Tense situation arose in the Paranthan area. Area residents stated none of the suspects had been arrested in connection this with alleged murder and also said they all were suspicious over their security in the area. Speaking to media diplomats said foreign national arrive SriLanka also not permitted to enjoy freedom in this country. This murder has created fear among foreigners schedule to visit SriLanka. However police carries out further investigations this regard.