2. Section 3 of the Inland' Revenue Act, No. 4 of 1963, (hereafter in this Law referred to as the " principal enactment ") as last amended by Law No. 1 of 1974, is hereby further amended in subsection (1) of that section by the addition, at the end of sub paragraph (i) of paragraph (h), of the following new item;
| " (e) a change of ownership of any residential premises occurring on or after November 1, . 1973, on the death of the owner thereof, where the property of which the deceased was at the time of his death competent to dispose within the meaning of the Estate Duty Ordinance does not include any other residential premises and the total estate within the meaning of that Ordinance of the deceased does not exceed one hundred and fifty thousand rupees in value. |
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Sri Lanka Consolidated Acts