3. Section 5 of the principal enactment is hereby amended, in subsection (1) of that section, as follows : -
| (1) in paragraph (i) of that subsection by the substitution, for the words " Part; and", of the word " Part; " ; |
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| (2) in paragraph (ii) of that subsection-
| | (a) by the substitution, for the words "but prior to the appointed date,", of the following: - | | |
| | (b) by the substitution, for the words " Part; and ", of the word " Part; " ; | | |
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| (3) in paragraph (iii) of that subsection by the substitution, for the words " the appointed date or any subsequent date,", of the following : - |
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| (4) by the insertion, immediately after paragraph (iii) of that subsection, of the following new paragraph : -
| | " (iv) where the date of his death is not earlier than the first day of April, 1956, and not later than the seventeenth day of July, 1958, be computed in accordance with the provisions of this Ordinance at the graduated rate shown in the second column of Part IV of the Schedule to be the rate applicable where the value of the total estate of that person falls within the limits of the class set out in the corresponding entry in the first column of that Part; and " ; and | | |
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| (5) by the addition, immediately after paragraph (iv) of that subsection, of the following paragraphs : -
| | " (v) where the date of his death is the eighteenth day of July, 1958, and not later than the thirty-first day of July, 1963, be computed in accordance with the provisions of this Ordinance-
| | | (a) if the value of his total estate does not exceed the value of his Ceylon estate, at the rates shown in the second column of Part V of the Schedule, each such rate being applicable to such portion of the value of the estate as is shown in the corresponding entry in column I of the Schedule, and |
| (b) if the value of his total estate exceeds the value of his Ceylon estate, at a rate equal to the percentage which the amount that would be estate duty on his total estate, if his total estate were entirely his Ceylon estate, bears to the value of his total estate. |
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| | (vi) where the date of his death is the first day of August, 1963, or any subsequent date, be computed in accordance with the provisions of this Ordinance-
| | | (a) if the value of his total estate does not exceed the value of his Ceylon estate, at the rates shown in column II of Part VI of the Schedule, each such rate being applicable to such portion of the value of the estate as is shown in the corresponding entry in column I of that Part, and |
| (b) if the value of his total estate exceeds the value of his Ceylon estate, at a rate equal to the percentage which the amount that would be estate duty on his total estate, if his total estate were entirely his Ceylon estate, bears to the value of his total estate. ". |
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Sri Lanka Consolidated Acts