①The provisions then in force continue to govern inheritance tax or gift tax on property that an individual prescribed in Article 69, paragraph (1) or (2) of the Former Act on Special Measures Concerning Taxation acquired by inheritance or bequest, or by gift, before January 1, 2003.

②The provisions of Article 69-4 of the New Act on Special Measures Concerning Taxation (limited to the part pertaining to the ratio of the total number of shares or the total amount of capital contributions referred to in paragraph (3), item (iv) of that Article to the total number of issued shares of, or the amount of capital contributions to, the corporation pertaining to those shares or capital contributions) apply to inheritance tax on property acquired by inheritance or bequest on or after the Effective Date, and the provisions then in force continue to govern inheritance tax on property acquired by inheritance or bequest before the Effective Date.

③The provisions of Article 69-4 of the New Act on Special Measures Concerning Taxation (limited to the parts other than the part pertaining to the ratio of the total number of shares or the total amount of capital contributions referred to in paragraph (3), item (iv) of that Article to the total number of issued shares of, or the amount of capital contributions to, the corporation pertaining to those shares or capital contributions) apply to inheritance tax on property acquired by inheritance or bequest on or after January 1, 2003, and the provisions then in force continue to govern inheritance tax on property acquired by inheritance or bequest before that date.

④The provisions of Article 69-5 of the New Act on Special Measures Concerning Taxation (limited to the part pertaining to the ratio of the total number of specified shares or the total amount of specified equity referred to in paragraph (2), item (v), (a) of that Article to the total number of issued shares of, or the amount of capital contributions to, the corporation pertaining to those specified shares or that specified equity) apply to inheritance tax on property acquired by inheritance or bequest on or after the Effective Date, and the provisions then in force continue to govern inheritance tax on property acquired by inheritance or bequest before the Effective Date.

⑤The provisions of Article 69-5 of the New Act on Special Measures Concerning Taxation (limited to the parts other than the part pertaining to the ratio of the total number of specified shares or the total amount of specified equity referred to in paragraph (2), item (v), (a) of that Article to the total number of issued shares of, or the amount of capital contributions to, the corporation pertaining to those specified shares or that specified equity) apply to inheritance tax on property acquired by inheritance or bequest on or after January 1, 2003, and the provisions then in force continue to govern inheritance tax on property acquired by inheritance or bequest before that date.

⑥The provisions of Article 70-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to gift tax on property acquired by gift on or after January 1, 2003, and the provisions then in force continue to govern gift tax on property acquired by gift before that date.

⑦If any of the persons listed below (referred to as a "specified donee, etc." in this Article) acquired, by gift before January 1, 2003, funds for housing acquisition, etc. prescribed in Article 70-3, paragraph (8) of the Former Act on Special Measures Concerning Taxation, the provisions then in force continue to govern gift tax pertaining to that specified donee, etc.:

⑧If a specified donee, etc. acquired, by gift, funds for housing acquisition, etc. prescribed in Article 70-3, paragraph (8) of the Former Act on Special Measures Concerning Taxation during the period from January 1, 2003 to December 31, 2005, and that specified donee, etc. does not fall under any of the persons listed below, the provisions of that Article remain in force with regard to property that the specified donee, etc. acquires by gift. In this case, in paragraph (1) of that Article, the phrase "from January 1, 1984 to December 31, 2003" is deemed to be replaced with "from January 1, 2003 to December 31, 2005"; in item (i) of that paragraph, the phrase "Article 21-7 of the Inheritance Tax Act" is deemed to be replaced with "Article 21-7 of the Inheritance Tax Act as amended by the provisions of Article 3 of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2003) (hereinafter referred to as the "New Inheritance Tax Act")"; in item (ii) of that paragraph, the phrase "the Inheritance Tax Act" is deemed to be replaced with "the New Inheritance Tax Act"; in paragraph (2), item (i) of that Article, the phrase "Article 1-2, item (i) of the Inheritance Tax Act" is deemed to be replaced with "Article 1-4, item (i) or (ii) of the New Inheritance Tax Act"; in item (ii) of that paragraph, the phrase "Article 35, paragraph (1)" is deemed to be replaced with "Article 35, paragraph (1) of the Act on Special Measures Concerning Taxation"; in item (iii) of that paragraph, the phrase "or paragraph (5)" is deemed to be replaced with "or paragraph (5), or Article 70-3, paragraph (1), paragraph (3) or paragraph (5) of the Act on Special Measures Concerning Taxation prior to the amendment by the provisions of Article 12 of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2003)"; in paragraph (5) of that Article, the phrase "Article 1-2, item (i) of the Inheritance Tax Act" is deemed to be replaced with "Article 1-4, item (i) or (ii) of the New Inheritance Tax Act", and the phrase "from January 1, 2001 to December 31, 2003" is deemed to be replaced with "from January 1, 2003 to December 31, 2005"; in item (ii) of that paragraph, the phrase "or this paragraph" is deemed to be replaced with "or this paragraph, or Article 70-3, paragraph (1), paragraph (3) or paragraph (5) of the Act on Special Measures Concerning Taxation prior to the amendment by the provisions of Article 12 of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2003)"; in the provisions of paragraphs (8) through (10) of that Article, the phrase "the Inheritance Tax Act" is deemed to be replaced with "the New Inheritance Tax Act"; and in paragraph (15) of that Article, the phrases "the Inheritance Tax Act" and "that Act" are deemed to be replaced with "the New Inheritance Tax Act", the phrase "and the Act on Special Measures Concerning Taxation" is deemed to be replaced with "and the Act on Special Measures Concerning Taxation prior to the amendment by the provisions of Article 12 (Partial Amendment of the Act on Special Measures Concerning Taxation) of the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2003), which remains in force pursuant to the provisions of Article 123, paragraph (8) (Transitional Measures Concerning Special Provisions on Inheritance Tax and Gift Tax) of the Supplementary Provisions of that Act (hereinafter referred to as the "Former Act on Special Measures Concerning Taxation" in this Article)", and the phrase "and the Act on Special Measures Concerning Taxation" is deemed to be replaced with "and the Former Act on Special Measures Concerning Taxation".

⑨If a person to whom the provisions of Article 70-3 of the Former Act on Special Measures Concerning Taxation, which remain in force pursuant to the provisions of the preceding paragraph, have been applied has acquired property by gift from the person who made the gift of the funds for housing acquisition, etc. referred to in that paragraph within four years from the year following the year that includes the day on which the person acquired those funds for housing acquisition, etc. by gift, the person may not submit the written notification referred to in Article 21-9, paragraph (2) of the New Inheritance Tax Act (including as applied mutatis mutandis pursuant to Article 70-3, paragraph (1) of the New Act on Special Measures Concerning Taxation) with regard to gifts made during the year that includes the day of that acquisition.

⑩The provisions of Article 70-4 of the New Act on Special Measures Concerning Taxation (excluding paragraph (6)) apply to gift tax on property acquired by gift on or after January 1, 2003, and the provisions then in force continue to govern gift tax on property acquired by gift before that date.

⑪The provisions of Article 70-6 of the New Act on Special Measures Concerning Taxation apply to inheritance tax on property acquired by inheritance or bequest on or after January 1, 2003, and the provisions then in force continue to govern inheritance tax on property acquired by inheritance or bequest before that date.