Supplementary Provisions, Article 2Transitional Measures Concerning Real Property Acquisition Tax

①Except as otherwise provided, the provisions of the Local Tax Act after amendment (hereinafter referred to as the "New Act") relating to real property acquisition tax apply to real property acquisition tax to be imposed on acquisitions of real property on or after April 1, 1987 (hereinafter referred to as the "Effective Date"), and with respect to real property acquisition tax imposed on acquisitions of real property before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 10-2, paragraph (2) of the Supplementary Provisions of the New Act apply to real property acquisition tax to be imposed on the acquisition of land pertaining to a dwelling eligible for the special measure prescribed in Article 73-24, paragraph (1), item (iii) of the New Act that was newly constructed on or after April 1, 1986.

③The provisions of Article 10-2, paragraph (2) of the Supplementary Provisions of the Local Tax Act prior to amendment (hereinafter referred to as the "Former Act") remain in force with respect to real property acquisition tax imposed on the acquisition of land pertaining to a dwelling eligible for the special measure prescribed in Article 73-24, paragraph (1), item (iii) of the Former Act that was newly constructed on or before March 31, 1986. In this case, with respect to real property acquisition tax to be imposed on the acquisition of land pertaining to a dwelling eligible for the special measure under that item that was newly constructed during the period from April 1, 1985 to March 31, 1986, in Article 10-2, paragraph (2) of the Supplementary Provisions of the Former Act, "March 31, 1987" is deemed to be replaced with "March 31, 1988".

④The provisions of Article 11-4, paragraph (11) of the Supplementary Provisions of the New Act apply to real property acquisition tax to be imposed on the real property under that paragraph acquired by a person who has received a transfer of business in accordance with what is provided in the business alliance plan pertaining to the approval prescribed in that paragraph given on or after the Effective Date, and with respect to real property acquisition tax to be imposed on the real property under that paragraph acquired by a person who has received a transfer of business in accordance with what is provided in the business alliance plan pertaining to the approval prescribed in Article 11-4, paragraph (11) of the Supplementary Provisions of the Former Act given before the Effective Date, the provisions then in force continue to govern.