11. Section 32 of the principal enactment is hereby amended as follows:"
| (1) in subsection (2) of that section, by the repeal of paragraph (iii), paragraph (iv), and paragraph (v) thereof, and the substitution therefor, of the following paragraphs :"
| | " (iii) PART IIA of the First Schedule to this Act in respect of the year of assessment commencing on April 1, 1984 ; or | | |
| | (iv) Part IIB of the First Schedule to this Act in. respect of the year of assessment commencing on or after April 1, 1985;; or | | |
| | (v) Part IIC of the First Schedule to this Act in respect of any year of assessment commencing on or after April 1, 1986, but prior to April 1, 1988 ; or | | |
| | (vi) Part IID of the First Schedule to this Act in respect of any year of assessment commencing on or after April 1, 1988." ; and | | |
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| (2) by the repeal of subsection. (3C) of that section, and the substitution therefor, of the ' following subsection: "
| | " (3c) "Where the taxable income of any person includes any capital gain arising from the change of. ownership of any immovable property acquired by that person by way of gift or inheritance from any other person, the date of acquisition of such property by the first, mentioned person shall,; for the purposes of subsection (3A) or subsection (3B) of this section or of sub-paragraph (xvi) of paragraph (a) of section 14, be deemed to be the date of acquisition of such property .by the second mentioned person. | | |
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Sri Lanka Consolidated Acts