Supplementary Provisions, Article 11-4Reduction, etc. of Real Property Acquisition Tax

①With regard to the application of Article 73-24, paragraph (1) in the case where land to be used for a rental dwelling (meaning a house of which the whole or a part is used exclusively as a residence as a rental house) specified by Cabinet Order that is housing for the elderly with services prescribed in Article 5, paragraph (1) of the Act on Securement of Stable Supply of Elderly Persons' Housing and has received the registration under Article 7, paragraph (1) of that Act is acquired on or before March 31, 2027, in Article 73-24, paragraph (1), the phrase "In any of the cases falling under any of the following items" is deemed to be replaced with "In any of the cases falling under any of the following items, only where that acquisition is made on or before March 31, 2027", the phrase "per dwelling unit (for an apartment house, etc., one independently partitioned part used for residence, as specified by Cabinet Order), of the house newly constructed on that land (limited to a house specified by Cabinet Order; hereinafter in this Article referred to as a 'dwelling eligible for the special measure')" is deemed to be replaced with "of the rental dwelling (meaning a house of which the whole or a part is used exclusively as a residence as a rental house) specified by Cabinet Order that is housing for the elderly with services prescribed in Article 5, paragraph (1) of the Act on Securement of Stable Supply of Elderly Persons' Housing (Act No. 26 of 2001) and has received the registration under Article 7, paragraph (1) of that Act (hereinafter in this paragraph referred to as 'eligible serviced housing for the elderly'), per one independently partitioned part used for residence, as specified by Cabinet Order", and the phrase "dwelling eligible for the special measure" in each item of Article 73-24, paragraph (1) is deemed to be replaced with "eligible serviced housing for the elderly".

②Where a real estate broker prescribed in Article 2, item (iii) of the Real Estate Brokerage Act (hereinafter in this Article referred to as a "real estate broker") acquires a house subject to renovation work (meaning a dwelling for which 10 years or more have elapsed since the day it was newly built (for an apartment house, etc., one independently partitioned part used for residence) and which is other than a dwelling that has not yet been used for residence by any person; the same applies hereinafter in this Article), and, within two years from the day on which that real estate broker acquired that house subject to renovation work, that real estate broker carries out renovation work specified by Cabinet Order that contributes to the improvement of quality or performance, such as safety, durability, comfort and energy use efficiency, of that house subject to renovation work (hereinafter in this paragraph and paragraph (4) referred to as "housing performance improvement works"), and then transfers to an individual the house subject to renovation work on which those housing performance improvement works were carried out that is specified by Cabinet Order (hereinafter in this paragraph and paragraph (4) referred to as a "performance-improved house"), and that individual uses that performance-improved house for his or her own residence, a prefecture is to reduce, with regard to the real property acquisition tax imposed on the acquisition of that house subject to renovation work by that real estate broker, only where that acquisition is made on or before March 31, 2027, from the amount of tax, the amount obtained by multiplying the amount that was to be deducted under Article 73-14, paragraph (1) as in force at the time when that house subject to renovation work was newly built by the tax rate.

③The provisions of Articles 73-25 through 73-27 apply mutatis mutandis to the deferral of collection and its rescission of the amount of real property acquisition tax imposed on the acquisition of a house subject to renovation work by a real estate broker under the preceding paragraph, and to the refund of local government levies relating to that real property acquisition tax. In this case, in Article 73-25, paragraph (1), the phrase "imposed on the acquisition of land" is deemed to be replaced with "imposed on the acquisition of the house subject to renovation work prescribed in Article 11-4, paragraph (2) of the Supplementary Provisions by the real estate broker prescribed in that paragraph (hereinafter in this paragraph and Article 73-27, paragraph (1) referred to as a 'house subject to renovation work')", the phrase "the acquirer of that land" is deemed to be replaced with "the real estate broker", the phrase "Article 73-24, paragraph (1), item (i), paragraph (2), item (i), or paragraph (3)" is deemed to be replaced with "Article 11-4, paragraph (2) of the Supplementary Provisions", the phrase "within two years from the day of acquisition in the case of the acquisition of land to which the provisions of paragraph (1), item (i) of the preceding Article apply, within one year from the day of acquisition in the case of the acquisition of land to which the provisions of paragraph (2), item (i) of that Article apply, within one year and six months from the day of acquisition in the case of the acquisition of land to which the provisions of paragraph (3), item (i) of that Article apply, and within six months from the day of acquisition of that land in the case of the acquisition of land to which the provisions of item (ii) of that paragraph apply (limited to acquisition made before the day on which the acquisition of the existing house not meeting earthquake resistance standards on that land came to fall under the provisions of Article 73-27-2, paragraph (1))" is deemed to be replaced with "within two years from the day of that acquisition", the phrase "relating to that land" is deemed to be replaced with "relating to that house subject to renovation work", and the phrase "under those provisions" is deemed to be replaced with "under that paragraph"; in Article 73-26, paragraph (1), the phrase "Article 73-24, paragraph (1), item (i), paragraph (2), item (i), or paragraph (3)" is deemed to be replaced with "Article 11-4, paragraph (2) of the Supplementary Provisions"; and in Article 73-27, paragraph (1), the phrase "the acquisition of land" is deemed to be replaced with "the acquisition of a house subject to renovation work", the phrase "Article 73-24, paragraph (1), item (i), paragraph (2), item (i), or paragraph (3)" is deemed to be replaced with "Article 11-4, paragraph (2) of the Supplementary Provisions", and the phrase "under those provisions" is deemed to be replaced with "under that paragraph".

④Where a real estate broker acquires land to be used as the site of a house subject to renovation work (limited to land acquired together with that house subject to renovation work; hereinafter in this Article referred to as "land for a house subject to renovation work"), and, within two years from the day on which that real estate broker acquired that land for a house subject to renovation work, after carrying out housing performance improvement works on that house subject to renovation work, transfers to an individual land to be used as the site of the performance-improved house specified by Cabinet Order (hereinafter in this paragraph referred to as a "specified house with performance improvement renovation"), and that individual uses that specified house with performance improvement renovation for his or her own residence, a prefecture is to reduce, with regard to the real property acquisition tax imposed on the acquisition of that land for a house subject to renovation work by that real estate broker, only where that acquisition is made on or before March 31, 2027, from the amount of tax, the amount obtained by multiplying 1,500,000 yen (where the amount obtained by multiplying the figure obtained by dividing the price that is to be the tax base of real property acquisition tax relating to that land for a house subject to renovation work by the figure expressing the area of that land in square meters, by the figure expressing in square meters an area twice the floor area, per house subject to renovation work on that land for a house subject to renovation work (for an apartment house, etc., one independently partitioned part used for residence) (where that figure exceeds 200, it is 200) exceeds 1,500,000 yen, that multiplied amount) by the tax rate.

⑤The provisions of Articles 73-25 through 73-27 apply mutatis mutandis to the deferral of collection and its rescission of the amount of real property acquisition tax imposed on the acquisition of land for a house subject to renovation work by a real estate broker under the preceding paragraph, and to the refund of local government levies relating to that real property acquisition tax. In this case, in Article 73-25, paragraph (1), the phrase "imposed on the acquisition of land" is deemed to be replaced with "imposed on the acquisition of the land for a house subject to renovation work prescribed in Article 11-4, paragraph (4) of the Supplementary Provisions by the real estate broker prescribed in paragraph (2) of that Article (hereinafter in this paragraph and Article 73-27, paragraph (1) referred to as "land for a house subject to renovation work")", the phrase "the acquirer of that land" is deemed to be replaced with "the real estate broker", the phrase "Article 73-24, paragraph (1), item (i), paragraph (2), item (i), or paragraph (3)" is deemed to be replaced with "Article 11-4, paragraph (4) of the Supplementary Provisions", the phrase "within two years from the day of acquisition in the case of the acquisition of land to which the provisions of paragraph (1), item (i) of the preceding Article apply, within one year from the day of acquisition in the case of the acquisition of land to which the provisions of paragraph (2), item (i) of that Article apply, within one year and six months from the day of acquisition in the case of the acquisition of land to which the provisions of paragraph (3), item (i) of that Article apply, and within six months from the day of acquisition of that land in the case of the acquisition of land to which the provisions of item (ii) of that paragraph apply (limited to acquisition made before the day on which the acquisition of the existing house not meeting earthquake resistance standards on that land came to fall under the provisions of Article 73-27-2, paragraph (1))" is deemed to be replaced with "within two years from the day of that acquisition", the phrase "relating to that land" is deemed to be replaced with "relating to that land for a house subject to renovation work", and the phrase "under those provisions" is deemed to be replaced with "under that paragraph"; in Article 73-26, paragraph (1), the phrase "Article 73-24, paragraph (1), item (i), paragraph (2), item (i), or paragraph (3)" is deemed to be replaced with "Article 11-4, paragraph (4) of the Supplementary Provisions"; and in Article 73-27, paragraph (1), the phrase "the acquisition of land" is deemed to be replaced with "the acquisition of land for a house subject to renovation work", the phrase "Article 73-24, paragraph (1), item (i), paragraph (2), item (i), or paragraph (3)" is deemed to be replaced with "Article 11-4, paragraph (4) of the Supplementary Provisions", and the phrase "under those provisions" is deemed to be replaced with "under that paragraph".