(b) the person
entitled to an estate in the land in reversion or remainder is taken to be the
secondary taxpayer, and
(c) there is to be deducted from the land tax payable
by the secondary taxpayer in respect of the land such amount (if any) as is
necessary to prevent double taxation.
(3) If the limited estate is a life
estate, the life tenant under the life estate is taken to be an owner of the
land to the exclusion of any person entitled to an estate in the land in
reversion or remainder, but only if--
(a) the life estate was created by the
express terms of a will (and not by the exercise of a discretion conferred by
a will), and
(b) the duration of the life estate is based on the life of the
tenant and not the life of some other person.
(4) This section does not apply
if the limited estate is a freehold estate arising by virtue of a lease for
life under a lease or an agreement for lease.