Article 341Definitions of Terms Relating to Fixed Assets Tax

一fixed assets: a collective term for land, houses and depreciable assets;

二land: means rice paddies, fields, building land, salt pans, mineral spring land, ponds and marshes, forests, pastures, wilderness and other land;

三house: means dwellings, shops, factories (including power stations and substations), warehouses and other buildings;

四depreciable assets: means assets, other than land and houses, that can be used for a business (excluding mining rights, fishing rights, patent rights and other intangible depreciable assets), the amount of depreciation or the depreciation expenses of which is included in deductible expenses or necessary expenses in the calculation of income under the provisions of the Corporation Tax Act or the Income Tax Act, other than assets whose acquisition cost is small and other assets specified by Cabinet Order (including similar assets owned by a person not subject to corporation tax or income tax); provided, however, that motor vehicles that are objects of taxation of automobile tax, and motorized bicycles, light motor vehicles, special small motor vehicles and two-wheeled small-sized motor vehicles that are objects of taxation of light motor vehicle tax are excluded;

五price: means the appropriate market value;

六base year: means fiscal year 1956 and fiscal year 1958, and each fiscal year at which three fiscal years, or a multiple of three fiscal years, have elapsed counting from fiscal year 1958;

七second year: means the fiscal year following the base year;

八third year: means the fiscal year following the second year (excluding fiscal year 1958);

九fixed assets tax ledger: a collective term for the land tax ledger, the supplementary land tax ledger, the house tax ledger, the supplementary house tax ledger and the depreciable assets tax ledger;

十land tax ledger: means a book in which the matters prescribed in Article 381, paragraph (1) are registered with respect to land registered in the register;

十一supplementary land tax ledger: means a book in which the matters prescribed in Article 381, paragraph (2) are registered with respect to land that is not registered in the register and on which fixed assets tax may be imposed under the provisions of this Act;

十三supplementary house tax ledger: means a book in which the matters prescribed in Article 381, paragraph (4) are registered with respect to houses, other than houses registered in the register, on which fixed assets tax may be imposed under the provisions of this Act;

十四depreciable assets tax ledger: means a book in which the matters prescribed in Article 381, paragraph (5) are registered with respect to depreciable assets.