Supplementary Provisions, Article 4Transitional Measures Concerning Real Property Acquisition Tax

①Except as otherwise specially provided, the provisions of the New Act concerning real property acquisition tax apply to real property acquisition tax to be imposed on acquisitions of real property on or after the Effective Date, and for real property acquisition tax imposed on acquisitions of real property before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 73-14, paragraph (1) of the New Act apply to real property acquisition tax to be imposed on the acquisition of a dwelling prescribed in that paragraph on or after July 1, 1985, and for real property acquisition tax imposed on the acquisition of a dwelling prescribed in that paragraph before that date, the provisions then in force continue to govern.

③Notwithstanding the provisions of the preceding paragraph, the provisions of Article 73-14, paragraph (1) of the New Act apply to real property acquisition tax imposed on the acquisition of the dwellings in the case where a person who built a dwelling before July 1, 1985 (including the purchase of a newly built dwelling that has not yet been used for residence by any person; the same applies hereinafter in this paragraph) newly builds, on or after that date and within one year after the construction of that dwelling, a dwelling that is to form a single structure with that dwelling, or builds an extension to that dwelling, and the construction of the earlier and later dwellings is deemed to be the construction of one dwelling unit pursuant to the provisions of paragraph (2) of that Article.

④The provisions of Article 73-28, paragraph (2) of the Former Act remain in force with respect to real property acquisition tax to be imposed on the acquisition of real property in the case where, with respect to the land subject to paragraph (1) of that Article before the Effective Date and the dwellings for which a Local Housing Corporation comes to bear tax liability for real property acquisition tax pursuant to Article 73-2, paragraph (2) of the Former Act as prescribed in Article 73-28, paragraph (1) of the Former Act, the first transfer from the Local Housing Corporation takes place on or after the Effective Date. In this case, the phrase "the preceding paragraph" in Article 73-28, paragraph (2) of the Former Act is deemed to be replaced with "Article 73-28, paragraph (1) of the Local Tax Act prior to its amendment by the provisions of Article 1 of the Act Partially Amending the Local Tax Act, etc. (Act No. 9 of 1985)".

⑤The provisions of Article 10-2, paragraph (2) of the Supplementary Provisions of the New Act apply to real property acquisition tax to be imposed on the acquisition of land for a dwelling eligible for the special measure under Article 73-24, paragraph (1), item (iii) of the New Act newly built on or after April 1, 1984, and for real property acquisition tax to be imposed on the acquisition of land for a dwelling eligible for the special measure under that item newly built before that date, the provisions then in force continue to govern.