Where the unimproved value on which land tax is payable does not exceed £5,000, the rate of land tax shall be 1d. for every £1 thereof.

Where the unimproved value on which land tax is payable exceeds £5,000, the rate of land tax shall be 1d. for every £1 thereof, increased by 1/8000d. for every £1 in excess of £5,000, but so as not to exceed in any case the rate of (6d. in the £1.

Subject to the provisions of this Part of this Schedule, the rates of income tax shall be the basic rates specified in the Schedule to that Act, as amended by subsection (1) of section 4 of the Land and Income Tax Amendment Act, 1950.

The basic rates specified in clauses 2, 3, and 4 of the said Schedule shall be deemed to be increased by 15 per cent.

In the assessment of every taxpayer other than a company or a public authority or an unincorporated body, there shall be allowed from the tax payable a rebate of the sum of £10:

Provided that where the tax payable by the taxpayer before allowing the rebate is less than £10 there shall be allowed a rebate of the amount of the tax:

Provided also that where the taxpayer is a married man upon whom an aggregate assessment is made under section 13 of the Land and Income Tax Amendment Act, 1939, there shall be allowed in the aggregate assessment a rebate equal to the sum of the rebates which would be allowable to him and his wife if separate assessments were made under that section.