Please feel free to add to the community any information regarding houses abroad, whether it is tax legal, financial, commercial or social.
Sri Lanka
1. In Sri Lanka, the tax rate for transferring real estate is typically around 6-10% of the property value, depending on various factors such as location and property type.
2. The tax rate for renting out a house in Sri Lanka is usually around 5-10% of the rental income, with additional taxes applicable for higher income brackets.
3. The top 5 most popular regions to live in Sri Lanka are:
- Colombo: The bustling commercial capital with a mix of modern amenities and historical charm.
- Kandy: The cultural heart of the island, known for its picturesque landscapes and ancient temples.
- Galle: A historic city on the southern coast known for its colonial architecture and beautiful beaches
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