Where an individual transfers land or a right existing on land (hereinafter referred to as "land, etc." up to Article 32), or buildings and their associated facilities or structures (hereinafter referred to as "buildings, etc." up to that Article), that the individual owns and whose holding period exceeds five years as of January 1 of the year of the transfer (including the creation of a superficies right or a right of lease for the purpose of owning a building or structure, or any other act specified by Cabinet Order by which the individual allows another person (including a place of business, etc. prescribed in Article 161, paragraph (1), item (i) of the Income Tax Act, where the individual is a nonresident) to use land for a long period of time under a contract (referred to as "lending of real property, etc. giving rise to capital gains" in Articles 33 through 37-6 and Article 37-8); hereinafter the same applies up to Article 32), with regard to the capital gains from that transfer, notwithstanding the provisions of Article 22, Article 89, and Article 165 of that Act, income tax is imposed, separately from other income, on the amount of capital gains pertaining to the transfer during that year (meaning the amount calculated without deducting the special capital gain deduction prescribed in Article 33, paragraph (3) of that Act, and, where there is an amount of losses arising in the calculation of the amount of short-term capital gains prescribed in Article 32, paragraph (1), notwithstanding the provisions of the second sentence of that paragraph, the amount after deducting the amount of losses up to the calculated amount; hereinafter referred to as the "amount of long-term capital gains" in this paragraph and Article 31-4), in an amount equivalent to 15 percent of the amount of long-term capital gains (where the provisions of Articles 72 through 87 of that Act as applied with the deemed replacement of terms pursuant to the provisions of paragraph (3), item (iii) apply, the amount after that application; hereinafter referred to as "taxable long-term capital gains" up to Article 31-3). In this case, where there is an amount of losses arising in the calculation of the amount of long-term capital gains, with regard to the application of the provisions of that Act and other laws and regulations concerning income tax, the amount of losses is deemed not to have arisen.
個人が、その有する土地若しくは土地の上に存する権利（以下第三十二条までにおいて「土地等」という。）又は建物及びその附属設備若しくは構築物（以下同条までにおいて「建物等」という。）で、その年一月一日において所有期間が五年を超えるものの譲渡（建物又は構築物の所有を目的とする地上権又は賃借権の設定その他契約により他人（当該個人が非居住者である場合の所得税法第百六十一条第一項第一号に規定する事業場等を含む。）に土地を長期間使用させる行為で政令で定めるもの（第三十三条から第三十七条の六まで及び第三十七条の八において「譲渡所得の基因となる不動産等の貸付け」という。）を含む。以下第三十二条までにおいて同じ。）をした場合には、当該譲渡による譲渡所得については、同法第二十二条及び第八十九条並びに第百六十五条の規定にかかわらず、他の所得と区分し、その年中の当該譲渡に係る譲渡所得の金額（同法第三十三条第三項に規定する譲渡所得の特別控除額の控除をしないで計算した金額とし、第三十二条第一項に規定する短期譲渡所得の金額の計算上生じた損失の金額があるときは、同項後段の規定にかかわらず、当該計算した金額を限度として当該損失の金額を控除した後の金額とする。以下この項及び第三十一条の四において「長期譲渡所得の金額」という。）に対し、長期譲渡所得の金額（第三項第三号の規定により読み替えられた同法第七十二条から第八十七条までの規定の適用がある場合には、その適用後の金額。以下第三十一条の三までにおいて「課税長期譲渡所得金額」という。）の百分の十五に相当する金額に相当する所得税を課する。この場合において、長期譲渡所得の金額の計算上生じた損失の金額があるときは、同法その他所得税に関する法令の規定の適用については、当該損失の金額は生じなかつたものとみなす。