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srilawsby aturio
As enacted
EnglishSinhala සිංහල, official PDF on documents.gov.lkTamil தமிழ், official PDF on documents.gov.lk
Contents

Part I

58. Taxation of beneficiaries

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

Distributions –

(a)

of a resident trust shall be exempt in the hands of the trust’s beneficiaries; and

(b)

of a non-resident trust shall be included in calculating the income of the beneficiaries of the trust, except to the extent that the distribution represents an amount that is subject to tax to the trust or trustee under subsection (1) of section 57 or a beneficiary under subsection (2) of section 57.

(2)

Gains on disposal of the interest of a beneficiary in a trust shall be included in calculating the income of the beneficiary.

Read on from s 59

Part II

Read on from Part II

Schedules