Estate Duty (Abolition)



Estate Duty (Abolition)
AN ACT TO ABOLISH THE LEVY AND PAYMENT OF ESTATE DUTY UNDER THE ESTATE DUTY ACT, NO. 13 OF 1980, ON THE ESTATES OF PERSONS DYING ON OR AFTER NOVEMBER 13, 1985.

BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows :

[31st December
, 1985
]
Short title.

1. This Act may be died as the Estate Duty (Abolition) Act, No. 53 of 1985.

Abolition of levy and payment of estate duty under Act No. 13 of 1980, on the estates of persons dying on, or after, November 13,1985.

2. No estate duty shall be levied or paid, under the Estate Duty Act, No. 13 of 1980, on the value of the estate of any person dying on, or after, November 13, 1985.