5. Section 26 of the principal enactment is hereby amended as follows : -
| (a) by the renumbering of that section as subsection (1) of section 26 ; and |
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| (b) by the addition, at the end of that section, of the following subsection : -
| | " (2) Where any instrument referred to in subsection (1) in reality effects a gift of any such annuity or other right as is specified in that subsection, that instrument shall be chargeable with the same duty as on a gift of a value equivalent to that which is deemed under subsection (1) to be consideration if no consideration is set forth in the instrument.". | | |
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Sri Lanka Consolidated Acts