Void transfers to defraud government revenue are invalid unless made for adequate consideration, in good faith and without notice. Creation of a charge on, or transfer of, a taxpayer's property after any amount has become due is void against claims for tax or other sums payable if ... Summary
Void transfers to defraud government revenue are invalid unless made for adequate consideration, in good faith and without notice.
Creation of a charge on, or transfer of, a taxpayer's property after any amount has become due is void against claims for tax or other sums payable if made with the intention of defrauding Government revenue, but the transfer is valid if made for adequate consideration, in good faith, without notice of proceedings or of the tax or with prior permission of the proper officer.
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