Practice question
After the proper payment deadline for a valid delinquent tax expires, an officer says real-property levy is impossible until personal-property distraint has first been exhausted. What does 207(B) provide?
- Levy is permitted only ten years after every distraint.
- Real property can never be levied.
- Levy requires the taxpayer to donate the land voluntarily.
- The timing is determined solely by a private bank.
- Levy may occur before, simultaneously with, or after distraint, subject to its requirements.
Legal references
- NIRC Sections204,206-208,222-223 and248-249, as applicable and amended: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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