| (1) There shall be included in the capital of a person-
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| (a) the value of a life interest he has in any property; | | |
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| (b) being the only beneficiary under a trust, the property subject to the trust; | | |
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| (c) being one of several beneficiaries under a trust the benefits from which to the beneficiaries can be ascertained, such part of the property subject to the trust as is proportionate to the share of the benefit from the trust; | | |
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| (d) being the trustee of a trust the benefits from which to all or any of the beneficiaries under the trust cannot be ascertained, the property subject to the trust; | | |
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| (e) being a partner in a firm, the value of his interest in the firm determined in the prescribed manner; | | |
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| (f) his approved savings within the meaning of section 69a of the principal Act; | | |
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| (g) his share in the capital of any corporation or undertaking the profits and income of which are exempt from income tax under section 6 of the principal Act; | | |
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| (h) his investments in the securities of the Government of Ceylon and his other investments whether he is entitled or not on account of his other investments to any allowance in arriving at his' taxable income for the purposes of the principal Act or to any relief under that Act from income tax; and | | |
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| (i) motor vehicles of which he is the possessor or where he is the head of a family, motor vehicles of which he or any member of his family is the possessor. | | |
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Sri Lanka Consolidated Acts