3. The following new section is hereby inserted immediately after section 13, and shall have effect as section 13a, of the principal enactment: -
| 13A. Where the total estate of any person dying on or after the first day of November, 1973, does not exceed one hundred and fifty thousand rupees in value and where the property of which he was at the time of Ins death competent to dispose includes or comprises not more than one residential premises, then the estate duty payable upon the value of his Sri Lanka estate shall be reduced by a sum which bears to such estate duty the same proportion as the value of such residential premises bears to the value of his Sri Lanka estate.". |
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Sri Lanka Consolidated Acts