Supplementary Provisions, Article 8Transitional 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 11, paragraph (1) of the Supplementary Provisions of the New Act apply to real property acquisition tax to be imposed on the acquisition of real property on or after the date of enforcement of the provisions set forth in Article 1, item (ix) of the Supplementary Provisions, and the provisions then in force continue to govern real property acquisition tax imposed on the acquisition of real property before that date.

③The provisions of Article 11, paragraph (1) of the Supplementary Provisions of the Former Act remain in force with regard to real property acquisition tax imposed on the acquisition of land located within an agricultural land zone prescribed in Article 8, paragraph (2), item (i) of the Act on Establishment of Agricultural Promotion Regions (Act No. 58 of 1969) based on an agricultural land utilization accumulation plan that is to remain in force pursuant to the provisions of Article 5, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Act on Promotion of Improvement of Agricultural Management Foundation, etc. (Act No. 56 of 2022) and is prescribed in that paragraph. In this case, with regard to Article 11, paragraph (1) of the Supplementary Provisions of the Former Act, the phrase "for which public notice was given under the provisions of Article 19 of the Act on Promotion of Improvement of Agricultural Management Foundation" is deemed to be replaced with "that is to remain in force pursuant to the provisions of Article 5, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Act on Promotion of Improvement of Agricultural Management Foundation, etc. (Act No. 56 of 2022) and is prescribed in that paragraph", and the phrase "from April 1, 2021 to March 31, 2023" is deemed to be replaced with "from the date of enforcement of the Act Partially Amending the Act on Promotion of Improvement of Agricultural Management Foundation, etc. to March 31, 2025".