Supplementary Provisions, Article 5Transitional Measures Concerning Real Property Acquisition Tax

①The provisions of Article 73-14, paragraph (1) of the New Act apply to real property acquisition tax to be imposed on acquisitions of a dwelling prescribed in that paragraph on or after April 1, 1989 (hereinafter referred to as the "Effective Date"), and with respect to real property acquisition tax imposed on acquisitions of a dwelling prescribed in that paragraph before the Effective Date, the provisions then in force continue to govern.

②Notwithstanding the provisions of the preceding paragraph, the provisions of Article 73-14, paragraph (1) of the New Act apply to real property acquisition tax imposed on the acquisition of a dwelling in the case where a person who built a dwelling before the Effective Date (including the purchase of a newly constructed dwelling that has never been occupied; the same applies hereinafter in this paragraph) newly constructs, on or after the Effective Date and within one year after the building of that dwelling, a dwelling that is to form one structure with that dwelling, or extends that dwelling, and the building of the preceding and subsequent dwellings is deemed to be the building of a single dwelling pursuant to paragraph (2) of that Article.