53. Section 5 of the Estate Duty Ordinance (hereinafter in this Part of this Act referred to as the " principal enactment"), as amended by Act No. 15 of 1959, is hereby further amended in subsection (1) of that section as follows: -
| (1) by the substitution, in paragraph (v) of that subsection, for the words " or any subsequent date,", of the words and figures " and not later than the thirty-first day of July, 1983,"; and |
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| (2) by the addition, immediately after paragraph (v) of that subsection, of the following paragraph: -
| | " (vi) where the date of his death is the first day of August, 1963, 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 Ceylon estate, at the rates shown in column II of Part VI 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 Ceylon 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 Ceylon estate, bears to the value of his total estate.". |
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Sri Lanka Consolidated Acts