7. Section 23 of the principal enactment is hereby amended, in subsection (1) of that section, as follows: "
| (1) by the substitution, in paragraph (ee) of that subsection, for the words and figures " acquired by such person on or after April 1, 1981 and,", of the words and figures, " acquired by such person on or after April 1, 1981, but prior to April 1, 1987 and, " ; |
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| (2) in paragraph (ee) of that subsection-
| | (a) by the substitution in sub-paragraph (iii) of that paragraph,
| | | (i) for the words " any qualified building", of the words, "any qualified building constructed by such person and."; and |
| (ii) for the words, "in its cost of construction of the words, "on its cost of construction "; |
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| | (b) by the insertion, immediately after sub- paragraph (iii) of that paragraph, of the following sub-paragraph:"
| | | " (iv) any unit of non-residential accommodation comprised in a . registered Con- * dominium Property, within the meaning of the Apartment Ownership ; Law, No. 11 of 1973, acquired by such person on or after April 1, 1987, and arising out of its use in any trade, business, profession or vocation carried on or exercised by him, at the rate of ten per centum per annum on its cost of acquisition;"; and |
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| | (c) by the substitution, in the proviso to that paragraph, for the words and figures " or sub-paragraph (iii) of this paragraph.", of the words and figures " or sub-paragraph (iii) or sub-paragraph (iv) of this paragraph,"; and | | |
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| (3) by the addition, immediately after the proviso to paragraph . (h) of that subsection, of the following . further proviso : " |
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Sri Lanka Consolidated Acts