6   Levy of land tax on land other than flats

(1)  In the case of land that is a principal place of residence and would be exempt from taxation under the Land Tax Management Act 1956 by section 10 (1) (r) of that Act but for the fact that the land has a land value of not less than the premium tax threshold for that land tax year, land tax is payable by the owner of the land on the land value of the land as if it were the only land owned by the owner.

(2)  Section 9 (1) of the Land Tax Management Act 1956 does not apply to land to which this section applies.