Sri Lanka’s growth into one of the world’s favourite holiday destinations has been nothing if not impressive. From the stunning blue seas to the idyllic landscapes and those all-important low living costs, millions are flocking to Sri Lanka’s golden sands each year. From an investor’s perspective, this of course makes for an ideal buying opportunity – especially since the government’s scrapping off the 100 per cent land sale tax imposed on all foreigners buying in. However, a further update to national laws in 2013 rendered it impossible to buy land outright, bringing in a new restriction limiting foreign investors to 99-year leases. Taxes and fees vary between 5 per cent and 10 per cent, which isn’t bad considering the astonishing demand for holiday lets all year-round.