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srilawsby aturio
As enacted
Contents

Part I

7. Investment income

Official English translation. The Sinhala text prevails.

(1)

A person’s income from an investment for a year of assessment shall be the person’s gains and profits from that investment for the year.

(2)

In calculating a person’s gains and profits from an investment derived or received during a year of assessment the following amounts received or derived by the person during the year of assessment from the investment shall be included:-

(a)

dividends, interest, discounts, charges, annuities, natural resource payments, rents, premiums and royalties;

(b)

gains from the realisation of investment assets as calculated under Chapter IV;

(c)

amounts derived as consideration for accepting a restriction on the capacity to conduct the investment;

(d)

gifts received by the person in respect of the investment;

(e)

winnings from lotteries, betting or gambling; and

(f)

other amounts required to be included under this

Act.

(3)

In calculating a person’s gains and profits from an investment for a year of assessment the following shall be excluded:-

(a)

exempt amounts and final withholding payments;

and

(b)

amounts that are included in calculating the person’s income from an employment or business.

Read on from s 8

Part II

Read on from Part II

Schedules