Cabinet approval has been granted to provide freehold ownership to descendants if the first beneficiary is no longer living under a programme to provide house deeds for 50,000 low-income families.

Minister Prasanna Ranatunga submitted the paper that also exempts the writing of deeds from notary and stamp fees and taxes.

These will be borne by the treasury.

President Ranil Wickremesinghe proposed this programme from his 2024 budget.

 

(lankadeepa.lk)

WhatsApp Image 2023 08 02 at 15.09.47

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