3. Section 11 of the principal enactment is hereby repealed and the following section substituted therefor:
| 11.
| | (1) Where property passing on the death of any person dying before November 15, 1984, includes any residential premises, a sum of three hundred thousand rupees of the value of one such premises. if the value of such premises is equal to or exceeds three hundred thousand rupees, or the value of such premises, if the value of such premises does not exceed three hundred' thousand rupees, shall be exempt from the payment of estate duty. | | |
| | (2) Where property passing on the death of any person dying on or after November 1 of 1984, includes any residential premises, the value of one such premises shall be exempt from the payment of estate duty.". | | |
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Sri Lanka Consolidated Acts