Supplementary Provisions, Article 7Transitional Measures Concerning Special Land Holding Tax

①The provisions of Article 602, paragraph (1), item (i) of the New Act (limited to the part relating to special land holding tax imposed on land) and the provisions of Article 31-3, paragraph (1) of the Supplementary Provisions of the New Act apply to special land holding tax imposed on land for fiscal year 1988 and subsequent fiscal years, and with respect to special land holding tax imposed on land up to that for fiscal year 1987, the provisions then in force continue to govern.

②The provisions of Article 602, paragraph (1), item (i) of the New Act (limited to the part relating to special land holding tax imposed on the acquisition of land) apply to special land holding tax to be imposed on acquisitions of land on or after the Effective Date, and with respect to special land holding tax imposed on acquisitions of land before the Effective Date, the provisions then in force continue to govern.

③With respect to special land holding tax imposed on an acquisition of land relating to the acquisition of land prescribed in Article 31-3, paragraph (3) of the Supplementary Provisions of the Former Act that was carried out by the day preceding the Effective Date, the provisions then in force continue to govern.