Local Tax Act

Prefectures may not impose real property acquisition tax on the acquisition of replotted land accompanying the implementation of a land readjustment project under the Land Readjustment Act (including the acquisition of replotted land under the provisions of Article 104, paragraph (1) or (9)(10) of the Land Readjustment Act as applied under pursuant to Article 8, paragraph (1) of the Farming and Residence Association Act and Article 46, paragraph (1) of the Act on Promotion of Improvement of Disaster Control Districts in Populated Urban Districts), on the acquisition of a share of co-ownership in land in the case where it is acquired pursuant to the provisions of Article 104, paragraph (6)(7) of the Land Readjustment Act, on the acquisition of a part of a building (including a share of co-ownership in the common portions of that building; the same applies hereinafter in this paragraph) and a share of co-ownership in the land on which that building stands in the case where they are acquired pursuant to the provisions of Article 104, paragraph (7)(8) of the Land Readjustment Actthat Article (including as applied under pursuant to Article 8, paragraph (1) of the Farming and Residence Association Act and Article 46, paragraph (1) of the Act on Promotion of Improvement of Disaster Control Districts in Populated Urban Districts), or on the acquisition of reserved land in the case where it is acquired pursuant to the provisions of Article 104, paragraph (11)(12) of the Land Readjustment Act (including as applied underpursuant to Article 8, paragraph (1) of the Farming and Residence Association Act and Article 46, paragraph (1) of the Act on Promotion of Improvement of Disaster Control Districts in Populated Urban Districts, and as applied mutatis mutandis under Article 21, paragraph (2) of the Act on Special Measures concerning Promotion of Supply of Houses and Housing Lands in Urban Districts, Article 28, paragraph (2) of the Act on Comprehensive Development of Regional Core Cities with Relocation of Office-Work Function (Act No. 76 of 1992), Article 17, paragraph (2) of the Act on Special Measures concerning Reconstruction of Urban Districts Damaged by Disaster (Act No. 14 of 1995), Article 16, paragraph (2) of the Act on Vitalization in City Center, and Article 39, paragraph (2) of the Act on Promotion of Smooth Transportation, etc. of Elderly Persons, Disabled Persons, etc. (Act No. 91 of 2006)).

Prefectures may not impose real property acquisition tax on the acquisition, specified by Cabinet Order, of replotted land accompanying the implementation of a residential block improvement project under the Act on Special Measures concerning Promotion of Supply of Houses and Housing Lands in Urban Districts, of a part of facility housing, etc. in the case where it is acquired pursuant to the provisions of Article 104, paragraph (7)(8) of the Land Readjustment Act as applied mutatis mutandis under Article 83 of the Act on Special Measures concerning Promotion of Supply of Houses and Housing Lands in Urban Districts, or of a part of facility housing, the site of facility housing, or a share of co-ownership therein in the case where it is acquired pursuant to the provisions of Article 90, paragraph (2) of the Act on Special Measures concerning Promotion of Supply of Houses and Housing Lands in Urban Districts (limited to the case where it is acquired by a person other than the person who implements the residential block improvement project and the participating members of the residential block improvement association), or on the acquisition of reserved land in the case where it is acquired pursuant to the provisions of Article 104, paragraph (11)(12) of the Land Readjustment Act as applied mutatis mutandis under Article 83 of the Act on Special Measures concerning Promotion of Supply of Houses and Housing Lands in Urban Districts.

Where a person prescribed in Article 73, paragraph (1), item (ii) or (vii) of the Urban Renewal Act (Act No. 38 of 1969), or a person prescribed in Article 118-7, paragraph (1), item (ii) of the Urban Renewal Act (including where it applies is applied with terms replaced pursuant to Article 118-25-3118-25-2, paragraph (3) of the Urban Renewal Act), acquires, accompanying the implementation of an urban redevelopment project under the Urban Renewal Act, real property given in correspondence with the building land, land leasehold right, or building prescribed in Article 73, paragraph (1), item (iii) or (viii) of the Urban Renewal Act, or designated building land or the right to use and take profits therefrom, or with the building land, land leasehold right, or building prescribed in Article 118-7, paragraph (1), item (iii) of the Urban Renewal Act (including where it applies is applied with terms replaced pursuant to Article 118-25-3118-25-2, paragraph (3) of the Urban Renewal Act) (referred to as "former building land, etc." in item (ii)), then, in calculating the tax base of real property acquisition tax imposed on the acquisition of that real property, the amount obtained by multiplying the price of that real property by the ratio of the amount listed in item (ii) to the amount listed in item (i) is to be deducted from the price of that real property.

The total of the following values (meaning values finalized pursuant to the provisions of Article 103, paragraph (1) or Article 118-23, paragraph (1) of the Urban Renewal Act (including where it applies is applied with terms replaced pursuant to Article 118-25-3118-25-2, paragraph (3) of the Urban Renewal Act; the same applies in the following item); the same applies hereinafter in this item):

the value of the right to the facility building site or facility building prescribed in Article 118-7, paragraph (1), item (iii) of the Urban Renewal Act as applied with terms replaced pursuant to Article 118-25-3118-25-2, paragraph (3) of the Urban Renewal Act;

Settlement money under Article 94 of the Land Readjustment Act that is paid because it has been decided, pursuant to the provisions of Article 91, paragraph (4)(3) of the Land Readjustment Act, that replotted land is not to be determined: the day of the public notice under the provisions of Article 103, paragraph (4) of the Land Readjustment Act;

Compensation under Article 91, paragraph (1) of the Urban Renewal Act that is paid because it has been provided, pursuant to the provisions of Article 79, paragraph (3) of the Urban Renewal Act or Article 79, paragraph (3) of the Urban Renewal Act as applied with terms replaced pursuant to Article 111, paragraph (3) of the Urban Renewal Act, that a part of a facility building, etc. or a part of a building facility is not to be given, or that is paid on the basis of an application under Article 71, paragraph (1) of the Urban Renewal Act in cases specified by Cabinet Order as those where the application is found to have been made owing to unavoidable circumstances: the rights conversion date under Article 73, paragraph (1), item (xxiv) of the Urban Renewal Act;