Practice question
Apply Section19’s provisional deposit rule to a PHP2,000,000 fair market value stated in the current tax declaration. State the assumptions and explain what the computation establishes.
Legal references
- RA7160 Local Government Code: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html Section19 provisional-possession deposit.
- Masikip v. City of Pasig, GR136349, January23 2006, main decision: https://lawphil.net/judjuris/juri2006/jan2006/gr_136349_2006.html Genuine necessity and public-use holdings.
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