Where a corporation (excluding a corporation in liquidation) has transferred land located in Japan or a right existing on land (excluding that which falls under inventory assets; hereinafter referred to as "land, etc." in this Article) that it acquired within the period from January 1, 2009 to December 31, 2010 (referred to as the "designated period" in paragraph (4)), that it has continued to hold since the date of acquisition and for which the holding period (meaning the period during which it held the land, etc. from the day following the date of acquisition until January 1 of the year that includes the date of the transfer of the land, etc.) exceeds five years, if the amount of the consideration or the value of the assets (hereinafter referred to as "assets acquired by exchange" in this paragraph) that the corporation has acquired through the transfer of the land, etc. (where the value of the assets acquired by exchange acquired through the transfer exceeds the value of the transferred land, etc., and an amount equivalent to the difference has been paid upon the transfer, the amount after deducting the amount equivalent to that difference) exceeds the total of the book value of the transferred land, etc. immediately before the transfer and the amount calculated pursuant to the provisions of Cabinet Order as the expenses required for the transfer of the transferred land, etc. that pertain to the consideration or the assets acquired by exchange, and the corporation does not receive the application of the provisions of Articles 65-7 through 65-9 or Article 66 with regard to any of the land, etc. it has transferred during the portion of that business year falling within the same calendar year, the lower of the amount of that excess and 10 million yen (where there is an amount that has been included or is to be included in deductible expenses pursuant to the provisions of this paragraph with regard to the amount of consideration or the value of the assets acquired by exchange acquired through transfers in the year that includes the date of the transfer, the amount after deducting that amount) is included in deductible expenses in calculating the amount of income for the business year that includes the date of the transfer.
法人（清算中の法人を除く。）が、平成二十一年一月一日から平成二十二年十二月三十一日までの期間（第四項において「指定期間」という。）内に取得をした国内にある土地又は土地の上に存する権利（棚卸資産に該当するものを除く。以下この条において「土地等」という。）で、その取得をした日から引き続き所有し、かつ、その所有期間（その取得をした日の翌日から当該土地等の譲渡をした日の属する年の一月一日までの所有していた期間をいう。）が五年を超えるものの譲渡をした場合において、当該法人が当該土地等の譲渡により取得した対価の額又は資産（以下この項において「交換取得資産」という。）の価額（当該譲渡により取得した交換取得資産の価額がその譲渡をした土地等の価額を超える場合において、その差額に相当する金額を当該譲渡に際して支出したときは、当該差額に相当する金額を控除した金額）が、当該譲渡をした土地等の譲渡直前の帳簿価額と当該譲渡をした土地等の譲渡に要した経費で当該対価又は交換取得資産に係るものとして政令で定めるところにより計算した金額との合計額を超え、かつ、当該法人が当該事業年度のうち同一の年に属する期間中にその譲渡をした土地等のいずれについても第六十五条の七から第六十五条の九まで又は第六十六条の規定の適用を受けないときは、その超える部分の金額と千万円（当該譲渡の日の属する年における譲渡により取得した対価の額又は交換取得資産の価額につき、この項の規定により損金の額に算入した、又は損金の額に算入する金額があるときは、当該金額を控除した金額）とのいずれか低い金額を当該譲渡の日を含む事業年度の所得の金額の計算上、損金の額に算入する。
The provisions of the preceding paragraph apply only where the tax return, etc. contains a statement concerning the inclusion in deductible expenses of the amount to be included in deductible expenses pursuant to the provisions of that paragraph, and a written statement concerning the calculation of the amount to be included in deductible expenses is attached to that tax return, etc.
Even where a tax return, etc. without the statement or attachment referred to in the preceding paragraph has been filed, the district director may, if the district director finds that there were unavoidable circumstances for the failure to include the statement or attachment, apply the provisions of paragraph (1), but only where a document containing the statement and the written statement referred to in that paragraph are submitted.
Where a merging corporation, a successor corporation in a company split, a corporation receiving a capital contribution in kind or a corporation receiving a distribution in kind (hereinafter referred to as a "merging corporation, etc." in this paragraph) has received, through a qualified merger, a qualified company split, a qualified capital contribution in kind or a qualified in-kind distribution (referred to as a "qualified merger, etc." in paragraph (7), item (ii), (d)), a transfer of land, etc. that the merged corporation, splitting corporation, corporation making a capital contribution in kind or corporation making a distribution in kind (hereinafter referred to as a "merged corporation, etc." in this paragraph) acquired within the designated period, the provisions of paragraph (1) apply by deeming that the merging corporation, etc. acquired the land, etc. on the date on which the merged corporation, etc. acquired the land, etc.
With regard to the application of the provisions of Article 67, paragraphs (3) and (5) of the Corporation Tax Act, the amount that a corporation that has received the application of the provisions of paragraph (1) has included in deductible expenses pursuant to the provisions of that paragraph is to be included in the amount of income, etc. prescribed in those provisions of that Act.
第一項の規定の適用を受けた法人の同項の規定により損金の額に算入された金額は、法人税法第六十七条第三項及び第五項の規定の適用については、これらの規定に規定する所得等の金額に含まれるものとする。
Beyond what is provided for in paragraph (2) through the preceding paragraph, the calculation of the amount of revenue reserves of a corporation that has received the application of the provisions of paragraph (1), and other matters necessary for the application of the provisions of that paragraph, are specified by Cabinet Order.
With regard to the terms used in this Article, the following provisions apply:
この条における用語については、次に定めるところによる。
acquisition does not include acquisition from an individual or corporation having a special relationship with the corporation that is specified by Cabinet Order, acquisition through a merger, company split, gift, exchange, capital contribution or qualified in-kind distribution, acquisition through a lease transaction without transfer of ownership, or any other acquisition specified by Cabinet Order;
取得には、当該法人と政令で定める特殊の関係のある個人若しくは法人からの取得又は合併、分割、贈与、交換、出資若しくは適格現物分配によるもの、所有権移転外リース取引によるものその他政令で定めるものを含まないものとする。
transfer is to include, in the case that falls under the case specified by Cabinet Order as a case where the value of land, etc. is significantly reduced by having another person use the land, etc., the act of having it so used, and is not to include the following:
譲渡には、土地等を使用させることにより当該土地等の価値が著しく減少する場合として政令で定める場合に該当する場合におけるその使用させる行為を含むものとし、次に掲げるものを含まないものとする。
a transfer through expropriation, purchase, replotting disposition, rights conversion, or acquisition prescribed in Article 64, paragraph (1), items (i) through (iv) and item (viii) and Article 65, paragraph (1), item (i) and items (iii) through (vii) (including a transfer in the case where a transfer through expropriation, etc. or replotting disposition, etc. prescribed in those provisions is deemed to have been made pursuant to the provisions of Article 64, paragraph (2) or Article 65, paragraphs (7) through (9));
第六十四条第一項第一号から第四号まで及び第八号並びに第六十五条第一項第一号及び第三号から第七号までに規定する収用、買取り、換地処分、権利変換又は買収による譲渡（第六十四条第二項又は第六十五条第七項から第九項までの規定によりこれらの規定に規定する収用等又は換地処分等による譲渡があつたものとみなされる場合における当該譲渡を含む。）
a transfer to which the provisions of the preceding three Articles apply (including a transfer by exchange);
前三条の規定の適用を受ける譲渡（交換による譲渡を含む。）
a transfer by exchange to which the provisions of Article 50, paragraph (1) or (5) of the Corporation Tax Act apply;
法人税法第五十条第一項又は第五項の規定の適用を受ける交換による譲渡
a transfer of land, etc. through a qualified merger, etc.