Supplementary Provisions, Article 4Transitional 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 73-4, paragraph (1), item (xxi) of the Former Act remain in force for real property acquisition tax to be imposed on the acquisition of land by the Organization for Small and Medium Enterprises and Regional Innovation, JAPAN where it acquires land, among the land prescribed in that item, to be used for the operations prescribed in Article 32, paragraph (1), items (i) through (iii) of the Act on Promotion of Creation of New Businesses (Act No. 152 of 1998) prior to its repeal by Article 4, item (ii) of the Supplementary Provisions of the Act Partially Amending the Act on Support for Management Innovation of Small and Medium-Sized Enterprises (Act No. 30 of 2005), which is to remain in force pursuant to Article 16 of the Supplementary Provisions of that Act, only where the acquisition of that land is made during the period from the effective date of the Act Partially Amending the Act on Support for Management Innovation of Small and Medium-Sized Enterprises (Act No. 30 of 2005) to March 31, 2007. In this case, the phrase "Article 32, paragraph (1), items (i) through (iii) of the Act on Promotion of Creation of New Businesses (Act No. 152 of 1998)" in Article 73-4, paragraph (1), item (xxi) of the Former Act is deemed to be replaced with "Article 32, paragraph (1), items (i) through (iii) of the Act on Promotion of Creation of New Businesses (Act No. 152 of 1998) prior to its repeal by Article 4, item (ii) of the Supplementary Provisions of the Act Partially Amending the Act on Support for Management Innovation of Small and Medium-Sized Enterprises (Act No. 30 of 2005), which is to remain in force pursuant to Article 16 of the Supplementary Provisions of that Act".

③In the application of Article 11, paragraph (16) of the Supplementary Provisions of the New Act to cases where the acquisition of a replacement house prescribed in that paragraph is made during the period from the Effective Date to March 31, 2007, the phrase "if the land that had been used as the site is located within the area of an implementation district prescribed in Article 2, paragraph (4) of the Land Readjustment Act or an implementation district prescribed in Article 2, item (iii) of the Urban Renewal Act that is within a disaster-stricken urban district reconstruction promotion area prescribed in Article 5, paragraph (1) of the Act on Special Measures concerning Reconstruction of Urban Districts Damaged by Disaster and is specified by Order of the Ministry of Internal Affairs and Communications (hereinafter in this paragraph referred to as a "specified district"), the owner of that disaster-stricken house or other person specified by Cabinet Order, within the area of that specified district," in that paragraph is deemed to be replaced with "the owner or other person specified by Cabinet Order,".