27. Interpretation

In this Part of this Act, unless the context otherwise requires–

“Commissioner General” means the Commissioner

General of Inland Revenue appointed or deemed to be appointed under the Inland

Revenue Act, No. 10 of 2006;

“mansion” means any building constructed on or after April 1, 2000 for residential purpose, of which the floor area is not less than ten thousand square feet as per the building plan approved by the local authority of the local authority area wherein such building is situated or the value of such building, as at the first day of April of any relevant year, is not less than rupees one hundred and fifty million as determined by the Government

Chief Valuer or by an officer authorized by him, after making any adjustment as may be prescribed and in the case of a condominium property , a condominium unit of such property shall be deemed to be a building for the purposes of this Part;

“owner of a mansion” means a person or persons who hold the ownership of the land wherein the relevant mansion is situated, in accordance with the written laws governing land ownership and in the case of a condominium property, an owner of a condominium unit of such property shall be deemed to be the owner of the mansion for the purposes of this Part.