Practice question
Under Section 215, what period does the taxpayer or anyone for the taxpayer have to redeem the forfeited property?
- 30 days from return filing
- One year from forfeiture
- Ten years from the owner's birth
- An unlimited period
- One day from assessment
Legal references
- NIRC Section215, Forfeiture to Government for Want of Bidder; https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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