What is the capital gains tax rate on land sales in Sri Lanka?

10% flat on the net gain from realising investment assets (land, buildings, private shares) — the same rate applies to individuals, partnerships, trusts and companies.

Is the sale of my home taxed?

Generally exempt if it was your principal place of residence owned continuously for the three years before the sale.

Is there a small-gains exemption for individuals?

A resident individual's gain is exempt where the single gain is Rs. 50,000 or less and total investment-asset gains for the year are Rs. 600,000 or less. Note: the Rs. 1.8M personal relief does NOT apply to capital-gain income.

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Capital Gains Tax Calculator Sri Lanka

Investment gains on listed and unlisted securities. Holding-period rules per §11A.

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Y/A 2025/2026

Reflects Year of Assessment 2025/2026 · Last updated 2026-06-13 · Reviewed by TaxWise · Source: Inland Revenue Act No. 24 of 2017, Inland Revenue (Amendment) Act No. 02 of 2025, Inland Revenue Department

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Capital gains tax

10% flat on net gains after Section 19(5) loss quarantine. Losses only offset gains.

Gross gains (Y/A)Rs. 500,000

Rs. 0Rs. 10,000,000

Current-year capital lossesRs. 0

Rs. 0Rs. 5,000,000

Carry-forward losses availableRs. 0

Rs. 0Rs. 5,000,000

Result

Rs.50,000

Tax at 10% on taxable gain

Taxable gainRs. 500,000

Losses appliedRs. 0

Unused carry-forwardRs. 0

Estimator only

Single gain/loss inputs. No transaction history or §11A holding checks.

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Exemptions may apply: a resident individual's principal residence (owned 3+ years), and small gains (single gain ≤ Rs. 50,000 and total ≤ Rs. 600,000/year). Personal relief does not apply to capital gains. §11A realisation rules not modelled line-by-line.

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Filing opens Apr 2026 · Y/A 2025/2026 return due 30 November 2026

Frequently asked questions

What is the capital gains tax rate on land sales in Sri Lanka?: 10% flat on the net gain from realising investment assets (land, buildings, private shares) — the same rate applies to individuals, partnerships, trusts and companies.
Is the sale of my home taxed?: Generally exempt if it was your principal place of residence owned continuously for the three years before the sale.
Is there a small-gains exemption for individuals?: A resident individual's gain is exempt where the single gain is Rs. 50,000 or less and total investment-asset gains for the year are Rs. 600,000 or less. Note: the Rs. 1.8M personal relief does NOT apply to capital-gain income.

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Rent income

25% standard deduction on gross rent, plus actual expenses if better. For landlords with one or more properties.

Income tax (IIT)

Estimate your annual liability across salary, freelance, interest and investment income — with 2025/2026 reliefs applied.

Dividend WHT

15% withholding on dividends from a resident company — a final tax, not reconciled or refunded.

Estimator disclaimer

Results follow the Inland Revenue Act and the 2025 Amendment for Y/A 2025/2026 but are not tax advice. Rounding, missing inputs, and simplified assumptions can change the final figure; only a filed return counts with IRD.