Practice question
A delinquent taxpayer owns land and personal assets. The officer claims that real-property levy is always forbidden until every personal asset has first been sold. Assume the other statutory conditions are met. What does Section 207(B) provide about sequence?
- Land can never be levied
- Levy must always await the final personal-asset auction
- Real property may be levied before, simultaneously with or after distraint, subject to the governing requirements
- The taxpayer may unilaterally choose no collection
- Levy automatically transfers the entire country’s land
Legal references
- NIRC Section 207(B): https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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