With regard to gift tax on a person who has acquired property by gift on or after January 1, 2001, notwithstanding the provisions of Article 21-5 of the Inheritance Tax Act, 1,100,000 yen is deducted from the taxable value. In this case, with regard to the application of the provisions of Article 21-11 of that Act, the phrase "through Article 21-7" in that Article is deemed to be replaced with "through Article 21-7 and Article 70-2-4 of the Act on Special Measures Concerning Taxation (Special Provisions on Basic Exemption for Gift Tax)".
平成十三年一月一日以後に贈与により財産を取得した者に係る贈与税については、相続税法第二十一条の五の規定にかかわらず、課税価格から百十万円を控除する。この場合において、同法第二十一条の十一の規定の適用については、同条中「第二十一条の七まで」とあるのは、「第二十一条の七まで及び租税特別措置法第七十条の二の四（贈与税の基礎控除の特例）」とする。
The amount deducted pursuant to the provisions of the preceding paragraph is deemed to have been deducted pursuant to the provisions of Article 21-5 of the Inheritance Tax Act with regard to the application of the provisions of the Inheritance Tax Act and other laws and regulations concerning gift tax.
前項の規定により控除された額は、相続税法その他贈与税に関する法令の規定の適用については、相続税法第二十一条の五の規定により控除されたものとみなす。