10.
| (1) Subject to the other provisions of this section, the value for the purposes of this Act of any immovable or movable property forming part of the capital of any person shall be the market value of that property on the valuation date: |
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| (2) Where any person by whom the capital levy is payable is carrying on a business for which accounts are maintained by him regularly, the Commissioner may, instead of determining separately the value of each property held by such person in such business, determine the net value as a whole of the properties held by such person in such business. |
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| (3) Where for the purposes of this section the market value of any property cannot be ascertained because such property is not saleable in the open market, the value of such property shall be determined in the prescribed manner. |
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Sri Lanka Consolidated Acts