§ That as from the thirtieth day of April, nineteen hundred and nine, the following duties be charged in respect of land:—
- (i.) A duty on any increment value accruing after the said date at the rate of one pound for every full five pounds of that value, the duty to be taken on the occasion of the transfer, or the grant of a lease of the land, and on the occasion of the death of any person where the property passing on his death comprises any such land, and in the case of land belonging to a body
1904 corporate or unincorporate on such periodical occasions as Parliament may determine; - (ii.) A duty on the value of any benefit accruing to a lessor by reason of the determination of a lease at the rate of one pound for every ten pounds of that value;
- (iii.) An annual duty in respect of the capital site value of land which has not been developed for building or other purposes at the rate of one halfpenny for every pound of that value.