Article 73-15-2Tax Exemption Threshold for Real Property Acquisition Tax

①Prefectures may not impose real property acquisition tax where the amount that is to be the tax base of real property acquisition tax is less than 160,000 yen for the acquisition of land, 660,000 yen per dwelling unit (for an apartment house, etc., meaning one independently partitioned part used for residence; the same applies hereinafter in this Article) for the acquisition of a house that relates to construction, or 340,000 yen per dwelling unit for any other acquisition.

②Where a person who has acquired land acquires land adjacent to that land within one year from the day of acquiring that land, or a person who has acquired a house acquires a house that is to form a single structure with that house within one year from the day of acquiring that house, the provisions of the preceding paragraph apply by deeming the earlier and later acquisitions of land or houses, respectively, to be the acquisition of one piece of land or the acquisition of one dwelling unit of a house.