Article 67-12Special Provisions on Taxation Where There Are Losses from Partnership Businesses, etc.
第六十七条の十二（組合事業等による損失がある場合の課税の特例）
Where a corporation falls under the category of a specified partner (meaning, of partners under a partnership contract (including persons similar thereto who are specified by Cabinet Order, and, for a silent partnership contract, etc., meaning a person who makes a contribution based on the silent partnership contract, etc. and a person who succeeds to that person's status pertaining to that silent partnership contract, etc.; hereinafter the same applies in this paragraph and paragraph (4)), those other than a partner who is involved in decisions on the execution of business concerning the disposal or acquisition of important property pertaining to the partnership business or concerning large borrowings pertaining to the partnership business, and who personally executes the important parts of that business, such as negotiations for concluding contracts, or any other partner specified by Cabinet Order; the same applies in paragraph (4)) or a specified beneficiary (meaning a beneficiary prescribed in Article 12, paragraph (1) of the Corporation Tax Act (including a person deemed to be a beneficiary prescribed in paragraph (1) of that Article pursuant to the provisions of paragraph (2) of that Article) of a trust (excluding a collective investment trust prescribed in Article 2, item (xxix) of that Act and a trust subject to corporate taxation; hereinafter the same applies in this Article); the same applies in paragraph (4)), and where the limit of the liability to repay the debts of the partnership business under that partnership contract or of that trust is substantially the value of the partnership property (for a silent partnership contract, etc., the property pertaining to the partnership business) or of the trust property, or in any other case specified by Cabinet Order, an amount equivalent to the portion of the partnership loss, etc. of the corporation for that business year (meaning the amount specified by Cabinet Order as the amount of loss of the corporation from that partnership business or that trust; hereinafter the same applies in this paragraph) that exceeds the amount calculated pursuant to the provisions of Cabinet Order on the basis of the value of the contribution of the corporation pertaining to that partnership business or the book value of the trust property of that trust (where the case falls under the case specified by Cabinet Order as one in which the profits and losses attributed to that partnership business or that trust property are expected not to result substantially in a loss, that partnership loss, etc.) (referred to as the "excess partnership loss, etc." in paragraph (3), item (iv)) is not included in deductible expenses in calculating the amount of income for that business year.
法人が特定組合員（組合契約に係る組合員（これに類する者で政令で定めるものを含むものとし、匿名組合契約等にあつては、匿名組合契約等に基づいて出資をする者及びその者の当該匿名組合契約等に係る地位の承継をする者とする。以下この項及び第四項において同じ。）のうち、組合事業に係る重要な財産の処分若しくは譲受け又は組合事業に係る多額の借財に関する業務の執行の決定に関与し、かつ、当該業務のうち契約を締結するための交渉その他の重要な部分を自ら執行する組合員その他の政令で定める組合員以外のものをいう。第四項において同じ。）又は特定受益者（信託（法人税法第二条第二十九号に規定する集団投資信託及び法人課税信託を除く。以下この条において同じ。）の同法第十二条第一項に規定する受益者（同条第二項の規定により同条第一項に規定する受益者とみなされる者を含む。）をいう。第四項において同じ。）に該当する場合で、かつ、その組合契約に係る組合事業又は当該信託につきその債務を弁済する責任の限度が実質的に組合財産（匿名組合契約等にあつては、組合事業に係る財産）又は信託財産の価額とされている場合その他の政令で定める場合には、当該法人の当該事業年度の組合等損失額（当該法人の当該組合事業又は当該信託による損失の額として政令で定める金額をいう。以下この項において同じ。）のうち当該法人の当該組合事業に係る出資の価額又は当該信託の信託財産の帳簿価額を基礎として政令で定めるところにより計算した金額を超える部分の金額（当該組合事業又は当該信託財産に帰せられる損益が実質的に欠損とならないと見込まれるものとして政令で定める場合に該当する場合には、当該組合等損失額）に相当する金額（第三項第四号において「組合等損失超過額」という。）は、当該事業年度の所得の金額の計算上、損金の額に算入しない。
Where a corporation filing a final return, etc. has a total excess partnership loss, etc. in any business year, the amount of that total excess partnership loss, etc. up to the amount specified by Cabinet Order as the amount of profit of that corporation for that business year from the partnership business or trust (limited to one pertaining to that total excess partnership loss, etc.) is included in deductible expenses in calculating the amount of income for that business year.
確定申告書等を提出する法人が、各事業年度において組合等損失超過合計額を有する場合には、当該組合等損失超過合計額のうち当該事業年度の当該法人の組合事業又は信託（当該組合等損失超過合計額に係るものに限る。）による利益の額として政令で定める金額に達するまでの金額は、当該事業年度の所得の金額の計算上、損金の額に算入する。
In this Article, the meanings of the terms listed in the following items are as prescribed respectively in those items:
この条において、次の各号に掲げる用語の意義は、当該各号に定めるところによる。
partnership contract: A partnership contract prescribed in Article 667, paragraph (1) of the Civil Code and an investment limited partnership agreement prescribed in Article 3, paragraph (1) of the Limited Partnership Act for Investment, and contracts similar thereto in a foreign state (including those specified by Cabinet Order), and silent partnership contracts, etc.;
組合契約 民法第六百六十七条第一項に規定する組合契約及び投資事業有限責任組合契約に関する法律第三条第一項に規定する投資事業有限責任組合契約並びに外国におけるこれらに類する契約（政令で定めるものを含む。）並びに匿名組合契約等をいう。
silent partnership contract, etc.: A silent partnership contract (including a contract specified by Cabinet Order as equivalent thereto) and a contract similar thereto in a foreign state;
匿名組合契約等 匿名組合契約（これに準ずる契約として政令で定めるものを含む。）及び外国におけるこれに類する契約をいう。
partnership business: A business carried on under a partnership contract (for a silent partnership contract, etc., a business of the person who receives contributions based on the silent partnership contract, etc. that is the purpose of that silent partnership contract, etc.);
total excess partnership loss, etc.: The amount obtained by totaling, for each partnership business or each trust, of the excess partnership losses, etc. in each business year up to and including the business year preceding that business year of the corporation referred to in the preceding paragraph, each excess partnership loss, etc. in the case where the corporation has continuously filed final returns prescribed in Article 2, item (xxxi) of the Corporation Tax Act (hereinafter referred to as a "final return" in this item) from the business year for which the provisions of paragraph (1) were applied to that excess partnership loss, etc. (hereinafter referred to as the "applicable business year" in this item) through the preceding business year (where the applicable business year is the preceding business year, in the case where it has filed the final return for that applicable business year) (where there is an amount included in deductible expenses in calculating the amount of income for any business year up to the preceding business year pursuant to the provisions of the preceding paragraph, the amount after deducting the amount so included).
組合等損失超過合計額 前項の法人の当該事業年度の前事業年度以前の各事業年度における組合等損失超過額のうち、当該組合等損失超過額につき第一項の規定の適用を受けた事業年度（以下この号において「適用年度」という。）から前事業年度まで連続して法人税法第二条第三十一号に規定する確定申告書（以下この号において「確定申告書」という。）の提出をしている場合（適用年度が前事業年度である場合には、当該適用年度の確定申告書の提出をしている場合）における当該組合等損失超過額を、各組合事業又は各信託ごとに合計した金額（前項の規定により前事業年度までの各事業年度の所得の金額の計算上損金の額に算入された金額がある場合には、当該損金の額に算入された金額を控除した金額）をいう。
Beyond what is provided for in the preceding paragraph, matters concerning the application of the provisions of paragraph (1) in the case where a corporation has succeeded, through a qualified merger in which it is the merging corporation, to the status of a partner under a partnership contract or of a beneficiary of a trust of a merged corporation that falls under the category of a specified partner or a specified beneficiary, and other necessary matters concerning the application of the provisions of paragraph (1) or paragraph (2), are specified by Cabinet Order.