Tax as first charge on property secures recovery of tax, interest and penalties despite other laws, subject to insolvency

Any amount payable to the Government by a taxable person or any other person on account of tax, interest or penalty is a first charge on that person's property, effective notwithstanding contrary provisions in other laws, except as otherwise provided under the Insolvency and Bankruptcy framework, thereby creating a statutory priority for recovery of tax liabilities, interest and penalties by attachment to property.

---

---

---