07/09/2026
Are you planning to buy a brand-new apartment? Make sure you account for VAT in your investment budget! π’π‘
In Sri Lanka, Value Added Tax (VAT) applies to specific property transactions, especially when buying new apartments directly from a developer.
Here are 3 non-negotiables you must know:
π Applies to new apartments. VAT is specifically charged on primary market apartment purchases from developers.
π Current rate is 18%. This is a significant cost factor that must be included in your financial planning.
π Not on all land sales. Standard land transactions don't automatically attract VAT, making it specific to certain property types.
Whether you're looking to sell your land seamlessly or buy your next property with complete confidence, BuyMe Realtor is here to help!
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