Supplementary Provisions, Article 34-2-2Special Provisions on Extension of the Period for a Determined Site for Constructing a Superior Residential Area, etc. in Relation to the Great Hanshin-Awaji Earthquake

Where all or part of the transfer of land, etc. to which paragraph (2) or (5) of the preceding Article was applied has become difficult to fall under a transfer of land, etc. set forth in Article 31-2, paragraph (2), items (xiii) through (xvi) of the Act on Special Measures Concerning Taxation within the period prescribed in those provisions (limited to a period whose last day is December 31, 1995), due to unavoidable circumstances arising from the Great Hanshin-Awaji Earthquake, in a case specified by Cabinet Order, and it has been certified, as provided by Order of the Ministry of Internal Affairs and Communications, that it is certain to be found that all or part of that transfer will come to fall under a transfer of land, etc. set forth in those provisions during the period up to a date specified by Cabinet Order that is within two years counting from January 1, 1996, the preceding Article applies by deeming the period from the date of that transfer to that date specified by Cabinet Order to be the period prescribed in paragraph (2) or (5) of the preceding Article.