Property Transfer Tax Act (Cap. 340).

An Act to provide for the charging and collection of a tax based on the value realised from the transfer of certain property in the Republic; and to provide for matters connected with or incidental to the foregoing.

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC117536

Resource information

Resource Language

inglês

ISBN / Resource ID

LEX-FAOC117536

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This Act imposes a tax upon the transfer of property, i.e. (a) any land in the Republic; (b) any share issued by a company incorporated in the Republic. Where the property to be valued is land, the realised value shall be the price at which it could, at the time of its transfer, reasonably have been sold on the open market as determined by the Commissioner-General. Any co-operative society registered under the Co-operative Societies Act shall be exempt from the provisions of this Act. The Act also concerns taxation of the transfer of mortgaged property.

Amended by: Property Transfer Tax (Amendment) Act, 2009 (No. 4 of 2009). (2009-03-31)
Amended by: Property Transfer Tax (Amendment) Act, 2012 (No. 13 of 2012). (2012-12-21)
Amended by: Property Transfer Tax (Amendment) Act, 2013 (No. 14 of 2013). (2013-12-20)
Amended by: Property Transfer Tax (Amendment) Act, 2014 (No. 9 of 2014). (2014-12-23)
Amended by: Property Transfer Tax (Amendment) Act, 2015 (No. 16 of 2015). (2015-12-17)
Amended by: Property Transfer Tax (Amendment) Act, 2017 (No. 11 of 2017). (2017-12-19)

Legislation