Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 8 of 1988) - Sect 7

Amendment of section 14 of the principal enactment

7, Section 14 of the principal enactment is hereby amended by the repeal of sub-paragraph (xvi) of paragraph (a) thereof and the substitution therefor of the following sub-paragraph :
(xvi) the change of ownership of any property, on or after November 12, 1986, occurring not less than twenty-five years after its acquisition by the person to whom such gain arises.".

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