Supplementary Provisions, Article 15-8Reduction of Fixed Assets Tax on Houses, etc. Provided as a Result of the Implementation of an Urban Redevelopment Project

①In the case where a part of a facility building prescribed in Article 2, item (viii) of the Urban Renewal Act, which is part of a house falling under a facility building prescribed in Article 2, item (vi) of the Urban Renewal Act newly built during the period from the day following the date of enforcement of the 2011 Local Tax Act, etc. Amendment Act to March 31, 2027, is given, as a result of the implementation of an urban redevelopment project under that Act (limited to one implemented within the implementation area of a type 1 urban redevelopment project prescribed in Article 2, item (i) of that Act (hereinafter in this paragraph referred to as a "type 1 urban redevelopment project") or a type 2 urban redevelopment project, or within an urban redevelopment promotion area prescribed in Article 7, paragraph (1) of that Act), to a person prescribed in Article 73, paragraph (1), item (ii) or Article 118-7, paragraph (1), item (ii) of that Act (hereinafter in this paragraph referred to as a "former right holder") in correspondence to the building land, land leasehold right or building prescribed in Article 73, paragraph (1), item (iii) or Article 118-7, paragraph (1), item (iii) of that Act, a municipality is to reduce, with regard to the fixed assets tax imposed on that house, except where paragraph (4) applies, limited to the fixed assets tax for five fiscal years counting from the fiscal year for which fixed assets tax comes to be newly imposed on that house, where that house is a dwelling specified by Cabinet Order, from the fixed assets tax amount for that house, an amount equivalent to two-thirds of the total of the amounts calculated for each former right holder as provided by Cabinet Order as the tax amount relating to the part of that house that is owned by the former right holder, is used for residence and is specified by Cabinet Order, and an amount equivalent to one-third of the total of the amounts calculated for each former right holder as provided by Cabinet Order as the tax amount relating to the part of that house, other than the part used for residence, that is owned by the former right holder and is specified by Cabinet Order (where that house was given as a result of the implementation of a type 1 urban redevelopment project, an amount equivalent to one-fourth of that total), and where that house is a house other than a dwelling specified by Cabinet Order as above, from the fixed assets tax amount for that house, an amount equivalent to one-third of the total of the amounts calculated for each former right holder as provided by Cabinet Order as the tax amount relating to the part of that house that is owned by the former right holder and is specified by Cabinet Order (where that house was given as a result of the implementation of a type 1 urban redevelopment project, an amount equivalent to one-fourth of that total).

②With regard to the fixed assets tax imposed on rented housing (meaning a house of which the whole or a part is used exclusively as a residence as a rental house; the same applies hereinafter in this paragraph) specified by Cabinet Order that is housing for the elderly with services prescribed in Article 5, paragraph (1) of the Act on Securement of Stable Supply of Elderly Persons' Housing, has received the registration under Article 7, paragraph (1) of that Act, and was newly built during the period from April 1, 2015 to March 31, 2027, a municipality is to reduce, except where paragraph (2) of the preceding Article or the preceding paragraph, the following paragraph or paragraph (4) applies, limited to the fixed assets tax for five fiscal years counting from the fiscal year for which fixed assets tax comes to be newly imposed on that rented housing, an amount equivalent to the ratio determined by Municipal Ordinance within the range of one-half or more and five-sixths or less, taking two-thirds of the fixed assets tax amount for that rented housing (for rented housing held in unit ownership (meaning rented housing that is a building held in unit ownership; the same applies hereinafter in this paragraph), the total of the amounts calculated for each unit owner as provided by Cabinet Order as the tax amount relating to the part to which this paragraph applies, and for rented housing other than rented housing held in unit ownership (limited to rented housing having a part other than the part used exclusively as a residence as a rental house or other rented housing specified by Cabinet Order), the amount calculated as provided by Cabinet Order as the tax amount relating to the part to which this paragraph applies) into consideration, from the fixed assets tax amount for that rented housing.

③In the case where a part of a disaster prevention facility building prescribed in Article 117, item (vii) of the Act on Promotion of Improvement of Disaster Control Districts in Populated Urban Districts, which is part of a house falling under a disaster prevention facility building prescribed in Article 117, item (v) of that Act newly built during the period from April 1, 2004 to March 31, 2027, is given, as a result of the implementation of a disaster prevention block improvement project prescribed in Article 2, item (v) of that Act (limited to one implemented within the implementation area prescribed in Article 117, item (iii) of that Act), to a person prescribed in Article 205, paragraph (1), item (ii) of that Act (hereinafter in this paragraph referred to as a "former right holder") in correspondence to the building land, land leasehold right or building prescribed in item (iii) of that paragraph, a municipality is to reduce, with regard to the fixed assets tax imposed on that house, except where the following paragraph applies, limited to the fixed assets tax for five fiscal years counting from the fiscal year for which fixed assets tax comes to be newly imposed on that house, where that house is a dwelling specified by Cabinet Order, from the fixed assets tax amount for that house, an amount equivalent to two-thirds of the total of the amounts calculated for each former right holder as provided by Cabinet Order as the tax amount relating to the part of that house that is owned by the former right holder, is used for residence and is specified by Cabinet Order, and an amount equivalent to one-third of the total of the amounts calculated for each former right holder as provided by Cabinet Order as the tax amount relating to the part of that house, other than the part used for residence, that is owned by the former right holder and is specified by Cabinet Order, and where that house is a house other than a dwelling specified by Cabinet Order as above, from the fixed assets tax amount for that house, an amount equivalent to one-third of the total of the amounts calculated for each former right holder as provided by Cabinet Order as the tax amount relating to the part of that house that is owned by the former right holder and is specified by Cabinet Order.

④With regard to the fixed assets tax imposed on a house, in the case where a person who received relocation compensation for a house that had been built on land used for a project for improving a high-standard levee prescribed in Article 6, paragraph (2) of the River Act (including as applied mutatis mutandis pursuant to Article 100, paragraph (1) of that Act) acquires, during the period from April 1, 2019 to March 31, 2028, a house on that land that the mayor of a municipality finds to replace that house, a municipality is to reduce, limited to the fixed assets tax for five fiscal years counting from the fiscal year for which fixed assets tax comes to be newly imposed on the house, the amount specified in each of the following items in accordance with the categories of cases listed in those items from the fixed assets tax amount for that house.