34.
| ((1) Any person liable to pay estate duty under this Act may apply to the Commissioner-General before the date fixed for the payment thereof that immovable property passing on the death of the deceased equivalent in value to the amount of such duty be transferred to the Government of Sri Lanka in lieu of payment of such duty in cash. |
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| (2) No such application shall be granted or refused by the Commissioner-General except with the approval of the Minister. |
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| (3) The value of any immovable property transferred in payment of duty under this section shall be the value of that property as determined for the purposes of this Act. |
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| (4) All fees, charges and expenses incidental to, or connected with, the transfer to the Government of any immovable property in payment of estate duty, the examination of title to, and the execution of the deed of transfer of, such property, shall be borne by the applicant. |
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Sri Lanka Consolidated Acts