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As enacted
Contents

Part I

29. Jointly owned investments

Official English translation. The Sinhala text prevails.

(1)

In calculating a person’s income from an investment that is jointly owned with another person, amounts to be included and deducted shall be apportioned among the joint owners in proportion to their interests in the investment.

(2)

Where the interests of joint owners cannot be ascertained they shall be treated as equal.