9.
| (1) Where any person on or after April 1, 1971, but not later than September 30, 1971, makes a gift of property to any other person, such gift shall, for the purposes of this Act, be deemed to have been made on March 31, 1971, and accordingly such property shall be deemed to have formed part of the capital of such other person on the latter date. |
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| (2) Where the death of any person who, if he were alive on the date of commencement of this Act, would be chargeable with capital levy, occurs on or after April 1, 1971, but before the date of commencement of this Act, any part of the estate of the deceased person to which an heir is entitled shall, for the purposes of this Act, be deemed to have devolved on such heir on March 31, 1971, and accordingly such part of the estate shall be deemed to have formed part of the capital of that heir on the latter date: |
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Sri Lanka Consolidated Acts