Supplementary Provisions

This Act comes into effect as of the day specified by Cabinet Order within a period not exceeding three months from the date of promulgation.

If, before the Effective Date, a person listed in the right-hand column of the table in Article 11-4, paragraph (5) of the Supplementary Provisions of the Local Tax Act before its amendment by the preceding Article who received a transfer of business or a transfer of assets (meaning a transfer of assets prescribed in that paragraph; the same applies hereinafter in this Article) in accordance with a plan listed in the left-hand column of that table for which the finding listed in the middle column of that table was made, or a person who received a transfer of business or a transfer of assets from a person listed in the right-hand column of that table in accordance with that plan (excluding a plan listed in the left-hand column of item (iii) of that table), acquires the real property prescribed in that paragraph, the provisions then in force continue to govern real property acquisition tax to be imposed on the acquisition of that real property.