Section 64: Licence with a grant to enter upon land.

A licence to a person to enter upon land coupled with a grant whether such grant be the removal of material from land or other transfer of property shall (where a premium is paid by the licensee) be subject to ad valorem duty as a conveyance on sale for the premium so paid or, where rent is paid by the licensee, be subject to duty as a lease at the rent so payable.