Income tax for landlords in Sri Lanka — Y/A 2025/2026
Rent from houses, apartments or commercial units with the 25% statutory repair allowance applied, plus interest already taxed at 10%. Work out which schedules you file and what is left to pay.
Identify your tax profile
What did you earn this year?
Pre-filled for your profession — add what applies, skip what doesn't.
Pre-selected for Landlord / property investor — add or remove anything that doesn't match your year.
2 of 6 selected
Common questions
- How much of my rent is actually taxable?
- By default 75%. Section 5(1)(g) allows a statutory 25% allowance for repairs and maintenance without needing receipts, so only the balance enters your assessable income.
- Can I claim actual repair costs instead of the 25%?
- Yes, but the actual-expense route is capped at 20% of the asset's cost and needs documentation. Most landlords are better off with the statutory allowance.
- Is WHT deducted from rent I receive?
- A corporate tenant withholds 10% on rent paid. That is a credit against your liability, not a final tax — the gross rent still goes on the return.
Work out a single figure instead
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.
Bank interest & AIT
10% Advance Income Tax withheld on deposit interest — creditable against your return, not a final tax.