①With regard to the application of Article 21-4, paragraph (1) of the New Inheritance Tax Act to gift tax on property acquired by gift during the period from January 1, 1988 until the Effective Date, the phrase "specified person with a disability (excluding a person who falls under Article 1-2, item (ii)" in that paragraph is deemed to be replaced with "specified person with a disability (".

②In the case where a person who intends to receive the application of Article 21-4, paragraph (1) of the New Inheritance Tax Act is a person who, with regard to gift tax on property acquired by gift on or before December 31, 1987 by that person, has been subject to the application of Article 21-4, paragraph (1) of the Inheritance Tax Act prior to amendment by the provisions of Article 3 (hereinafter referred to as the "Former Inheritance Tax Act"), the value of that person's beneficial interest in a trust prescribed in Article 21-4, paragraph (1) of the New Inheritance Tax Act that is not included in the taxable value for gift tax pursuant to the provisions of that paragraph is the value of the portion equivalent to the remainder obtained by deducting from 60,000,000 yen the total of the values, among the values of that person's beneficial interests in a trust prescribed in Article 21-4, paragraph (1) of the Former Inheritance Tax Act and Article 21-4, paragraph (1) of the New Inheritance Tax Act, that have already been excluded from the taxable value for gift tax pursuant to those provisions.