Supplementary Provisions, Article 4Application of Provisions on Real Property Acquisition Tax

①Except as provided in paragraphs (2) through (6), the provisions of the New Act relating to real property acquisition tax apply to real property acquisition tax to be imposed on the acquisition of real property on or after the Effective Date, and the provisions then in force continue to govern real property acquisition tax imposed on the acquisition of real property before the Effective Date.

②The provisions of Article 73-2, paragraph (2) of the New Act apply to the first transfer from a contractor to the person who placed the order after the new construction of a house prescribed in that paragraph, where that transfer is made on or after the Effective Date, and the provisions then in force continue to govern a transfer of that kind made before the Effective Date.

③The provisions of Article 73-7, item (v)-2 of the Former Act remain in force with respect to real property acquisition tax imposed on the acquisition of real property in the case where real property for which permission for payment in kind was granted based on the approval under the provisions of Article 43, paragraph (5) of the Inheritance Tax Act (Act No. 73 of 1950) as applied mutatis mutandis pursuant to Article 70-4, paragraph (11) of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957) prior to amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 16 of 1975), which remains in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation, is transferred to the person who received the permission for payment in kind. In this case, the phrase "Act on Special Measures Concerning Taxation" in that item is deemed to be replaced with "Act on Special Measures Concerning Taxation prior to amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 16 of 1975), which remains in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation".

④The provisions of Article 73-14, paragraph (1) of the New Act apply to real property acquisition tax imposed on the acquisition of a dwelling prescribed in that paragraph on or after January 1, 1976.

⑤The provisions of Article 12 of the Supplementary Provisions of the New Act apply to real property acquisition tax imposed on the acquisition of farmland, pasture land and quasi-farmland prescribed in paragraph (1) of that Article on or after January 1, 1975.

⑥The provisions of Article 12 of the Supplementary Provisions of the Former Act remain in force with respect to real property acquisition tax imposed on the acquisition of farmland and pasture land prescribed in paragraph (1) of that Article made on or before December 31, 1974. In this case, the phrase "Act on Special Measures Concerning Taxation" in that paragraph is deemed to be replaced with "Act on Special Measures Concerning Taxation prior to amendment by the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 16 of 1975; hereinafter in this Article referred to as 'Act No. 16 of 1975'), which remains in force pursuant to the provisions of Article 20, paragraph (2) of the Supplementary Provisions of that Act", and the phrase "Act on Special Measures Concerning Taxation" in paragraphs (2) and (3) of that Article with "Act on Special Measures Concerning Taxation prior to amendment by Act No. 16 of 1975".