4. Where any person constructs a house for the purpose of sale, he shall not be deemed for the purposes of this Law to own such house-
| (a) if such house is not occupied before it is sold, and is sold within twelve months of the date on which such house was, in the opinion of the Commissioner, ready for occupation, or within such extended period, not exceeding a further period of twelve months, as may be allowed by the Commissioner on application made by such person; or |
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| (b) if an application has been made to the Commissioner by any other person for the purchase of such house and such house is not occupied whilst such application is pending. |
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Sri Lanka Consolidated Acts