4. Section 19 of the principal enactment is hereby repealed and the following section substituted therefor:
| 19. Where property forming part of the estate of the deceased is situated in a foreign country and the Commissioner-General is satisfied that any duty is payable on the death of the deceased in that country in respect of that property, he shall
| | (i) in the case of any person dying before November 15, 1984, in determining the value of such property, allow a deduction of an amount equal to
| | | (a) the amount of the duty payable in that country; or |
| (b) such proportion of the estate duty payable under this Act upon the value of that estate as is equal to the proportion which the value of the property situated in that country bears to the value of the estate, |
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| | (ii) in the case of any person dying on or after November 15, 1984, deduct from the amount of the estate duty payable under this Act an amount equal to
| | | (a) the amount of duty payable in that foreign country; or |
| (b) the amount of duty payable in Sri Lanka in respect of such property ascertained in the manner provided for in subsection (4) of section 3, |
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Sri Lanka Consolidated Acts