①The provisions of Article 70-2, paragraph (7) of the New Act on Special Measures Concerning Taxation apply to gift tax on funds for housing acquisition, etc. prescribed in paragraph (2), item (v) of that Article that a specified donee prescribed in item (i) of that paragraph acquires by gift (excluding a gift that takes effect upon the death of the donor; the same applies hereinafter in this Article and in Article 154 of the Supplementary Provisions) on or after the Effective Date.

②The provisions of Article 70-3, paragraph (7) of the New Act on Special Measures Concerning Taxation apply to gift tax on funds for housing acquisition, etc. prescribed in paragraph (3), item (v) of that Article that a specified donee prescribed in item (i) of that paragraph acquires by gift on or after the Effective Date.

③The provisions of Article 70-4 of the New Act on Special Measures Concerning Taxation apply to gift tax on a gift of farmland, etc. prescribed in paragraph (1) of that Article that is made on or after the Effective Date, and the provisions then in force continue to govern gift tax on a gift of farmland, etc. prescribed in Article 70-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation that was made before the Effective Date.

④The persons listed in the following items are deemed to be donees prescribed in Article 70-4, paragraph (1) of the New Act on Special Measures Concerning Taxation, and the provisions of paragraph (10) (excluding item (ii)), paragraph (15) and paragraph (16) of that Article (for a donee listed in item (ix), the provisions of paragraph (1), paragraph (10) (excluding item (ii)), paragraph (15) and paragraph (16) of that Article, and for a donee listed in item (x), the provisions of paragraph (1), paragraph (10), paragraph (15) and paragraph (16) of that Article), the provisions of Article 70-5 of the New Act on Special Measures Concerning Taxation and the provisions of Article 70-8, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to them. In this case, necessary matters concerning the application of those provisions to those donees are specified by Cabinet Order.

⑤The provisions of Article 70-4, paragraphs (15) and (16) of the New Act on Special Measures Concerning Taxation and the provisions of Article 70-8, paragraph (1) of the New Act on Special Measures Concerning Taxation, as applied pursuant to the provisions of the preceding paragraph, apply to the cases where a donee listed in any of the items of the preceding paragraph makes a transfer by expropriation or exchange, etc. prescribed in those provisions on or after the Effective Date.

⑥The provisions of Article 70-4-2 of the New Act on Special Measures Concerning Taxation apply to the cases where a person subject to the grace period prescribed in paragraph (2) of that Article makes a loan listed in paragraph (1), item (i) of that Article on or after the Effective Date, and the provisions then in force continue to govern the cases where a person subject to the grace period prescribed in Article 70-4-2, paragraph (2) of the Former Act on Special Measures Concerning Taxation made a loan listed in paragraph (1), item (i) of that Article before the Effective Date.

⑦The provisions of Article 70-6 of the New Act on Special Measures Concerning Taxation apply to inheritance tax on special farmland, etc. prescribed in paragraph (1) of that Article that is acquired by inheritance or bequest on or after the Effective Date, and the provisions then in force continue to govern inheritance tax on special farmland, etc. prescribed in Article 70-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation that was acquired by inheritance or bequest before the Effective Date.

⑧The persons listed in the following items are deemed to be farming heirs prescribed in Article 70-6, paragraph (1) of the New Act on Special Measures Concerning Taxation, and the provisions of paragraph (12) (excluding item (ii)), paragraph (19) and paragraph (20) of that Article (for a farming heir listed in item (vi), the provisions of paragraph (1), paragraph (12) (excluding item (ii)), paragraph (19) and paragraph (20) of that Article, and for a farming heir listed in item (vii), the provisions of paragraph (1), paragraph (12), paragraph (19) and paragraph (20) of that Article) and the provisions of Article 70-8, paragraph (3) of the New Act on Special Measures Concerning Taxation apply to them. In this case, necessary matters concerning the application of those provisions to those farming heirs are specified by Cabinet Order.

⑨The provisions of Article 70-6, paragraphs (19) and (20) of the New Act on Special Measures Concerning Taxation and the provisions of Article 70-8, paragraph (3) of the New Act on Special Measures Concerning Taxation, as applied pursuant to the provisions of the preceding paragraph, apply to the cases where a farming heir listed in any of the items of the preceding paragraph makes a transfer by expropriation or exchange, etc. prescribed in those provisions on or after the Effective Date.

⑩The provisions of Article 70-6-2 of the New Act on Special Measures Concerning Taxation apply to the cases where a person subject to the grace period prescribed in paragraph (1) of that Article makes a loan listed in item (i) of that paragraph on or after the Effective Date, and the provisions then in force continue to govern the cases where a person subject to the grace period prescribed in Article 70-6-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation made a loan listed in item (i) of that paragraph before the Effective Date.

⑪With regard to the application of the provisions of Article 70-4, paragraph (10), Article 70-4-2, paragraph (1), Article 70-6, paragraph (12) and Article 70-6-2, paragraph (1) of the New Act on Special Measures Concerning Taxation during the period from the Effective Date to the day before the date specified in Article 1, item (xviii) of the Supplementary Provisions, the phrase ", the person who borrowed from that farmland intermediary management organization" in Article 70-4, paragraph (10), item (iii) and Article 70-6, paragraph (12), item (iii) of the New Act on Special Measures Concerning Taxation is deemed to be replaced with "the person who borrowed from that farmland intermediary management organization, and, if the person who borrowed is a farmland holding rationalization corporation prescribed in Article 8, paragraph (1) of the Act on Promotion of Improvement of Agricultural Management Foundation, the person who borrowed from that farmland holding rationalization corporation.", and the phrase "for a farmland intermediary management project" in Article 70-4-2, paragraph (1), item (i) and Article 70-6-2, paragraph (1), item (i) of the New Act on Special Measures Concerning Taxation is deemed to be replaced with "for a farmland intermediary management project or a farmland holding rationalization project prescribed in Article 4, paragraph (2) of the Act on Promotion of Improvement of Agricultural Management Foundation (limited to the project listed in item (i) of that paragraph)".

⑫In the case where, pursuant to the provisions of Article 3 of the Supplementary Provisions of the Act Partially Amending the Act on Promotion of Improvement of Agricultural Management Foundation, etc. and Other Matters to Promote Structural Reform of Agriculture, a former farmland holding rationalization corporation prescribed in that Article newly conducts a former farmland holding rationalization project prescribed in that Article in accordance with the provisions then in force, or in the case where, pursuant to the provisions of Article 4, paragraph (1) of the Supplementary Provisions of that Act, the provisions then in force continue to govern the implementation of a former farmland holding rationalization project prescribed in Article 3 of the Supplementary Provisions of that Act that is listed in any of the items of that paragraph, the provisions of Article 70-4, paragraph (10) (limited to the part concerning item (iii)), Article 70-4-2, paragraph (1) (limited to the part concerning item (i)), Article 70-6, paragraph (12) (limited to the part concerning item (iii)) and Article 70-6-2, paragraph (1) (limited to the part concerning item (i)) of the Former Act on Special Measures Concerning Taxation remain in force. In this case, the phrase "the Act on Promotion of Improvement of Agricultural Management Foundation" in those provisions is deemed to be replaced with "the Act on Promotion of Improvement of Agricultural Management Foundation before the amendment by Article 1 of the Act Partially Amending the Act on Promotion of Improvement of Agricultural Management Foundation, etc. and Other Matters to Promote Structural Reform of Agriculture (Act No. 102 of 2013)".

⑬The provisions of Articles 70-7-5 through 70-7-7 of the New Act on Special Measures Concerning Taxation apply to gift tax on an economic benefit prescribed in Article 70-7-5, paragraph (1) of the New Act on Special Measures Concerning Taxation that is acquired, on or after the date specified in Article 1, item (xxii) of the Supplementary Provisions, as a result of a waiver of an equity interest prescribed in paragraph (2), item (ii) of that Article in a certified medical care corporation prescribed in item (i) of that paragraph or as a result of the death of the individual referred to in Article 70-7-7, paragraph (1) of the New Act on Special Measures Concerning Taxation.

⑭With regard to the application of the provisions of Article 70-7-5 and Article 70-7-6 of the New Act on Special Measures Concerning Taxation during the period from the date specified in Article 1, item (xxii) of the Supplementary Provisions to December 31, 2014, the phrase "Article 70-2-3 and Article 70-2-4" in Article 70-7-5, paragraph (1) of the New Act on Special Measures Concerning Taxation is deemed to be replaced with "Article 70-2-3", the phrase "Article 70-2-5, paragraph (1) or Article 70-3, paragraph (1)" in paragraph (3), item (ii) of that Article is deemed to be replaced with "Article 70-3, paragraph (1)", and the phrase "Article 70-2-3 and Article 70-2-4" in Article 70-7-6, paragraph (1) of the New Act on Special Measures Concerning Taxation is deemed to be replaced with "Article 70-2-3".

⑮The provisions of Article 70-7-8 and Article 70-7-9 of the New Act on Special Measures Concerning Taxation apply to inheritance tax on an equity interest prescribed in Article 70-7-5, paragraph (2), item (ii) of the New Act on Special Measures Concerning Taxation in a transitional medical care corporation prescribed in Article 70-7-8, paragraph (2) of the New Act on Special Measures Concerning Taxation that is acquired by inheritance or bequest on or after the date specified in Article 1, item (xxii) of the Supplementary Provisions.

⑯The provisions of Article 70-8, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to the amount of interest tax to be paid by a donee prescribed in Article 70-4, paragraph (1) of the New Act on Special Measures Concerning Taxation who receives the application of the provisions of the main clause of that paragraph pursuant to the provisions of paragraph (35) of that Article, in the case where the donee makes a transfer by expropriation or exchange, etc. prescribed in Article 70-8, paragraph (1) of the New Act on Special Measures Concerning Taxation on or after the Effective Date, and the provisions then in force continue to govern the amount of interest tax to be paid by a donee prescribed in Article 70-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation who receives the application of the provisions of the main clause of that paragraph pursuant to the provisions of paragraph (34) of that Article, in the case where the donee made a transfer by expropriation or exchange, etc. prescribed in Article 70-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation before the Effective Date.

⑰The provisions of Article 70-8, paragraph (3) of the New Act on Special Measures Concerning Taxation apply to the amount of interest tax to be paid by a farming heir prescribed in Article 70-6, paragraph (1) of the New Act on Special Measures Concerning Taxation who receives the application of the provisions of the main clause of that paragraph pursuant to the provisions of paragraph (40) of that Article, in the case where the farming heir makes a transfer by expropriation or exchange, etc. prescribed in Article 70-8, paragraph (1) of the New Act on Special Measures Concerning Taxation on or after the Effective Date, and the provisions then in force continue to govern the amount of interest tax to be paid by a farming heir prescribed in Article 70-6, paragraph (1) of the Former Act on Special Measures Concerning Taxation who receives the application of the provisions of the main clause of that paragraph pursuant to the provisions of paragraph (39) of that Article, in the case where the farming heir made a transfer by expropriation or exchange, etc. prescribed in Article 70-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation before the Effective Date.

⑱The provisions of Article 70-8-2 of the New Act on Special Measures Concerning Taxation apply to inheritance tax on property acquired by inheritance or bequest on or after the date specified in Article 1, item (xxii) of the Supplementary Provisions, and the provisions then in force continue to govern inheritance tax on property acquired by inheritance or bequest before that date.

⑲With regard to the application of the provisions of Article 70-8-2 of the New Act on Special Measures Concerning Taxation during the period from the date specified in Article 1, item (xxii) of the Supplementary Provisions to December 31, 2014, the phrase "Article 70-7-2, paragraph (14), item (xi)" in paragraph (4), item (iii) of that Article is deemed to be replaced with "Article 70-7-2, paragraph (14), item (x)", and the phrase "shares (including investment units prescribed in Article 2, paragraph (14) of the Act on Investment Trusts and Investment Corporations)" is deemed to be replaced with "shares".

⑳In the case where a scenic area protection agreement prescribed in Article 70-12, paragraph (3), item (ii) of the Former Act on Special Measures Concerning Taxation was concluded between the decedent of the inheritance and the Minister of the Environment by immediately before the commencement of the succession pertaining to an application for permission for payment in kind prescribed in paragraph (1) of that Article, if a person liable for tax prescribed in paragraph (1) of that Article applies for the permission for payment in kind prescribed in that paragraph with regard to land that satisfies the requirements listed in the items of paragraph (3) of that Article, the provisions of paragraphs (3) and (4) of that Article remain in force.