(1)  If any part of the land declared to be urban farm land is sold or conveyed, except by way of gift or bequest to a member of the owner's family, the owner is to pay the difference or a proportion of the difference between the rates and charges that would have been payable over the previous 5 years in respect of that part if the land had not been declared urban farm land.

(2)  The Valuer-General is to revalue any urban farm land remaining after part of the land is sold or conveyed.