8. Section 14 of the principal enactment as amended by Act, No. 21 of 1994 is hereby further amended as follows:
| (1) by the re-numbering of that section as subsection (1) of that section ; |
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| (2) in paragraph (a) of the re-numbered subsection (1) of that section
| | (a) by the insertion, immediately after sub-paragraph (xxii) of that paragraph of the following sub- paragraph :
| | | "(xxiia) the sale by any person of any treasury bond, registered stock or any other security, issued under the Registered Stock and Securities Ordinance and held by such person, in the secondary market" ; |
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| | (b) in paragraph (xxiii) of that paragraph, by the substitution for the words, "any right to a share received under a rights issue, of, of the words "any right to a share received under a rights issue or a bonus issue of; | | |
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| (3) by the addition, immediately after the re-numbered subsection (1) of that section, of the following subsection :
| | '(2) For the purposes of sub-paragraphs (xxii) and (xxiia) of paragraph (a) of subsection (1), "capital gain" means the excess, if any, of the capital gain computed in accordance with the provisions of subsections (2) and (4) of section 7, over such part of the interest which but for such sale, would have accrued to such person in respect of such bill, bond, stock or other security had such bill, bond stock or other security been held by such person until such bill, bond, stock or other security matured, as is attributable to the period during which such bill, bond, stock or other security was held by such person.'. | | |
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Sri Lanka Consolidated Acts