Practice question
A lessee principally uses a parcel as a commercial warehouse. The owner calls the lease agricultural, but the actual use and lawful category are established. Which fact controls classification?
- Only the contract’s heading
- Only the owner’s preferred tax result
- The established actual use, rather than the inconsistent label alone
- Only the tenant’s name
- Only the prior owner’s occupation
Legal references
- Local Government Code, RA 7160, Sections 196, 198-199 and 234: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html
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