4. Section 21 of the principal enactment, as amended by Law No. 32 of 1974, is hereby amended as follows: -
| (1) by the substitution, in subsection (b) of that section, for the words and figures " whose death occurs on or after the first day of November, 1973, ", of the following : - |
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| (2) by the addition, at the end of that section, of the following new subsection:-
| | " (10) Where any person whose death occurs on or after the sixteenth day of November, 1977, has gifted any property taxable as a gift under the Personal Tax Act, No. 14 of 1959, or under the Inland Revenue Act, No. 4 of 1983, the value of such property for the purposes of this Ordinance shall be the value of such property for the purpose of the determination of the contribution under the aforesaid Personal Tax Act or for the purpose of the determination of the tax. under the aforesaid Inland Revenue Act, as the case may be. ". | | |
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Sri Lanka Consolidated Acts