Supplementary Provisions, Article 6Transitional Measures Concerning Real Property Acquisition Tax

①Except as otherwise specially provided, the provisions of the New Act concerning real property acquisition tax apply to real property acquisition tax to be imposed on acquisitions of real property on or after the Effective Date, and for 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 11-4, paragraphs (7) and (8) of the Supplementary Provisions of the Former Act remain in force with regard to real property acquisition tax to be imposed on the acquisition of real property pertaining to a transfer of business prescribed in paragraph (7) of that Article, only where that transfer of business is made during the period from the Effective Date to March 31, 2004. In this case, the phrase "March 31, 2003" in that paragraph is deemed to be replaced with "March 31, 2004".

③The provisions of Article 11-5, paragraphs (1) and (2) of the Supplementary Provisions of the New Act apply to real property acquisition tax to be imposed on the acquisition of real property on or after January 1, 2003, and the provisions then in force continue to govern real property acquisition tax imposed on the acquisition of real property before that date.

④Except as provided for in the following paragraph, the provisions of Article 11-5, paragraph (3) of the Supplementary Provisions of the New Act apply to real property acquisition tax to be imposed on the acquisition of real property or the acquisition of land prescribed in the provisions of Article 73-14, paragraph (8), (10) or (12), Article 73-27-2, paragraph (1), Article 11, paragraph (3) of the Supplementary Provisions, or Article 11-4, paragraph (3) of the Supplementary Provisions of the New Act, made on or after January 1, 2003, and the provisions then in force continue to govern real property acquisition tax imposed on the acquisition of that real property or the acquisition of that land made before that date.

⑥Where the prefectural governor determines the price of real property under the provisions of Article 73-14, paragraph (8), (10) or (12), Article 11, paragraph (3) of the Supplementary Provisions or Article 11-4, paragraph (3) of the Supplementary Provisions of the New Act as applied with terms replaced pursuant to the provisions of the preceding paragraph, and that real property is land to which the provisions of Article 17-2, paragraph (1) or (2) of the Supplementary Provisions of the Former Act apply, with regard to the application of the provisions of Article 73-14, paragraph (8), (10) or (12), Article 11, paragraph (3) of the Supplementary Provisions or Article 11-4, paragraph (3) of the Supplementary Provisions of the New Act as applied with terms replaced pursuant to the provisions of the preceding paragraph, the phrase "the fixed asset valuation standards under Article 388, paragraph (1)" in those provisions is deemed to be replaced with "the fixed asset valuation standards under Article 388, paragraph (1) and the adjustment standards under Article 17-2, paragraph (1) of the Supplementary Provisions of the Local Tax Act prior to amendment by the provisions of Article 1 of the Act Partially Amending the Local Tax Act, etc. (Act No. 9 of 2003)".

⑦Where, during the period from April 1, 2003 to December 31, 2005, real property that is transferred as prescribed in Article 16, paragraph (1) of the Act on Special Measures for the Ogasawara Islands Development (Act No. 79 of 1969) has been transferred, and the price registered in the fixed assets tax ledger prescribed in that paragraph (or, where that price is not registered, the price determined by the Governor of Tokyo in accordance with the fixed asset valuation standards under Article 388, paragraph (1) of the New Act (or, where that real property is land to which the provisions of Article 17-2, paragraph (1) or (2) of the Supplementary Provisions of the New Act apply, in accordance with the fixed asset valuation standards under Article 388, paragraph (1) of the New Act and the adjustment standards under Article 17-2, paragraph (1) of the Supplementary Provisions of the New Act)) includes the price of land valued as building land prescribed in Article 11-5, paragraph (1) of the Supplementary Provisions of the New Act, with regard to the application of the provisions of Article 16, paragraph (1) of the Act on Special Measures for the Ogasawara Islands Development, the phrase "registered price" in that paragraph is deemed to be replaced with "registered price (the amount obtained by adding an amount equivalent to one-half of the price of the portion of that price that is land valued as building land to an amount equivalent to the price of the portion of that price other than the portion that is land valued as building land prescribed in Article 11-5, paragraph (1) of the Supplementary Provisions of the Local Tax Act (Act No. 226 of 1950))", the phrase "Local Tax Act (Act No. 226 of 1950)" is deemed to be replaced with "that Act", and the phrase "determined price" is deemed to be replaced with "determined price (the amount obtained by adding an amount equivalent to one-half of the price of the portion of that price that is land valued as building land to an amount equivalent to the price of the portion of that price other than the portion that is land valued as building land prescribed in Article 11-5, paragraph (1) of the Supplementary Provisions of that Act)".

⑧Where the Governor of Tokyo determines the price of real property under the provisions of Article 16, paragraph (1) of the Act on Special Measures for the Ogasawara Islands Development, and that real property is land to which the provisions of Article 17-2, paragraph (1) or (2) of the Supplementary Provisions of the New Act apply, with regard to the application of the provisions of Article 16, paragraph (1) of the Act on Special Measures for the Ogasawara Islands Development, the phrase "the fixed asset valuation standards under Article 388, paragraph (1)" in that paragraph is deemed to be replaced with "the fixed asset valuation standards under Article 388, paragraph (1) and the adjustment standards under Article 17-2, paragraph (1) of the Supplementary Provisions of that Act".