2. Section 5 of the Estate Duty Ordinance (herein after referred to as the " principal enactment "), as amended by Act No. 11 of 1963, is hereby further amended as follows : -
| (1) in paragraph (vi) of subsection (1) of that section, by the substitution, for the words and figures " is the first day of August, 1968, or any subsequent date ", of the following : - |
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| (2) by the addition, immediately after paragraph (vi) of subsection (1) of that section, of the following new paragraph :-
| | " (vii) where the date of his death is the sixteenth day of November, 1977, 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 Sri Lanka estate, at the rates shown in column II of Part VII 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 Sri Lanka, 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 Sri Lanka estate, bears to the value of his total estate.". |
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Sri Lanka Consolidated Acts