Article 29-2Tax Exemption, etc. for Economic Benefits from the Acquisition of Shares through the Exercise of Share Options Granted to Specified Directors, etc.
第二十九条の二（特定の取締役等が受ける新株予約権の行使による株式の取得に係る経済的利益の非課税等）
Where an individual who is a director, executive officer, or employee of a stock company that has adopted a resolution under Article 238, paragraph (2) of the Companies Act (Act No. 86 of 2005) (including a determination of the offering matters prescribed in Article 239, paragraph (1) of that Act based on a delegation by a resolution under that paragraph, and a resolution of the board of directors under the provisions of Article 240, paragraph (1) of that Act) by which the individual was made a person to be granted share options (limited to those specified by Cabinet Order; referred to in this paragraph as "share options") (that resolution is referred to in this Article as a "grant resolution"), or of a corporation that has a relationship with that stock company whereby the stock company directly or indirectly holds shares (limited to those with voting rights) or capital contributions exceeding 50 percent of the total number or the total amount of the corporation's issued shares (limited to those with voting rights) or capital contributions, or any other relationship specified by Cabinet Order (excluding an individual who held a number of shares of that stock company specified by Cabinet Order on the day of that grant resolution (referred to in this paragraph and the following paragraph as a "major shareholder"), and an individual who, on that day, had a special relationship specified by Cabinet Order with a person who falls under the category of a major shareholder of that stock company, such as the spouse of that person (referred to in this paragraph and the following paragraph as a "person specially related to a major shareholder"); referred to in this paragraph, the following paragraph, and paragraph (6) as a "director, etc."), or an heir of that director, etc. (limited to one specified by Cabinet Order; referred to in this paragraph, the following paragraph, and paragraph (6) as an "heir succeeding to the rights"), or an individual other than an individual who is a director, executive officer, or employee of that stock company or that corporation (limited to outside highly skilled personnel prescribed in Article 2, paragraph (8) of the Act on Strengthening the Management of Small and Medium-Sized Enterprises, etc. (excluding a major shareholder and a person specially related to a major shareholder) engaged in the development of new business fields using outside highly skilled personnel prescribed in that paragraph that is carried out, in accordance with a certified plan for developing new business fields using outside highly skilled personnel prescribed in Article 9, paragraph (2) of that Act (excluding a plan whose certification under the provisions of that paragraph was revoked on or before the day of exercise of the share options), by that stock company that falls under the category of a certified new small and medium-sized enterprise, etc. prescribed in Article 13 of that Act (limited to personnel granted the share options in accordance with that certified plan for developing new business fields using outside highly skilled personnel; the same applies hereinafter in this paragraph), who have continuously been residents from the start date of the implementation period listed in Article 8, paragraph (2), item (ii) of that Act of that certified plan for developing new business fields using outside highly skilled personnel (for outside highly skilled personnel who have newly come to engage in that development of new business fields using outside highly skilled personnel due to a change to that certified plan, the date of the certification under the provisions of Article 9, paragraph (1) of that Act received for that change; referred to in item (ii) of the following paragraph as the "start date of implementation, etc.") to the day of exercise of the share options; referred to in this Article as a "specified engaged person") has acquired the shares pertaining to specified share options by exercising, in accordance with the contract, the share options granted under a contract concluded between that stock company and that director, etc. or that specified engaged person based on that grant resolution (limited to share options for which the contract pertaining to those share options sets out the following requirements (where the share options were granted to that director, etc., the requirements listed in items (i) through (vi)); referred to in this Article as "specified share options"), income tax is not imposed on the economic benefit pertaining to the acquisition of those shares; provided, however, that where, through the exercise of the specified share options by that director, etc., heir succeeding to the rights, or specified engaged person (referred to in this paragraph and the following paragraph as a "right holder"), the total of the amount to be paid in upon that exercise in that year (referred to in this paragraph and item (iii) of the following paragraph as the "exercise price") (where, on the day of the grant resolution pertaining to the specified share options, the stock company that concluded the contract pertaining to the specified share options is one for which the period since the day of its incorporation is less than five years, the amount calculated by dividing that exercise price by two, and where that stock company meets the requirements specified by Order of the Ministry of Finance, such as that the period since the day of its incorporation is five years or more and less than 20 years, the amount calculated by dividing that exercise price by three; the same applies hereinafter in this paragraph (excluding item (iii)) and in item (iii) of the following paragraph) and the exercise prices pertaining to the exercise of those specified share options and other specified share options that the right holder has already made in that year comes to exceed 12,000,000 yen, this does not apply to the economic benefit pertaining to the acquisition of shares through the exercise of the specified share options by which 12,000,000 yen comes to be exceeded.
会社法（平成十七年法律第八十六号）第二百三十八条第二項の決議（同法第二百三十九条第一項の決議による委任に基づく同項に規定する募集事項の決定及び同法第二百四十条第一項の規定による取締役会の決議を含む。）により新株予約権（政令で定めるものに限る。以下この項において「新株予約権」という。）を与えられる者とされた当該決議（以下この条において「付与決議」という。）のあつた株式会社若しくは当該株式会社がその発行済株式（議決権のあるものに限る。）若しくは出資の総数若しくは総額の百分の五十を超える数若しくは金額の株式（議決権のあるものに限る。）若しくは出資を直接若しくは間接に保有する関係その他の政令で定める関係にある法人の取締役、執行役若しくは使用人である個人（当該付与決議のあつた日において当該株式会社の政令で定める数の株式を有していた個人（以下この項及び次項において「大口株主」という。）及び同日において当該株式会社の大口株主に該当する者の配偶者その他の当該大口株主に該当する者と政令で定める特別の関係があつた個人（以下この項及び次項において「大口株主の特別関係者」という。）を除く。以下この項、次項及び第六項において「取締役等」という。）若しくは当該取締役等の相続人（政令で定めるものに限る。以下この項、次項及び第六項において「権利承継相続人」という。）又は当該株式会社若しくは当該法人の取締役、執行役及び使用人である個人以外の個人（大口株主及び大口株主の特別関係者を除き、中小企業等経営強化法第十三条に規定する認定新規中小企業者等に該当する当該株式会社が同法第九条第二項に規定する認定社外高度人材活用新事業分野開拓計画（当該新株予約権の行使の日以前に同項の規定による認定の取消しがあつたものを除く。）に従つて行う同法第二条第八項に規定する社外高度人材活用新事業分野開拓に従事する同項に規定する社外高度人材（当該認定社外高度人材活用新事業分野開拓計画に従つて当該新株予約権を与えられる者に限る。以下この項において同じ。）で、当該認定社外高度人材活用新事業分野開拓計画の同法第八条第二項第二号に掲げる実施時期の開始の日（当該認定社外高度人材活用新事業分野開拓計画の変更により新たに当該社外高度人材活用新事業分野開拓に従事することとなつた社外高度人材にあつては、当該変更について受けた同法第九条第一項の規定による認定の日。次項第二号において「実施時期の開始等の日」という。）から当該新株予約権の行使の日まで引き続き居住者である者に限る。以下この条において「特定従事者」という。）が、当該付与決議に基づき当該株式会社と当該取締役等又は当該特定従事者との間に締結された契約により与えられた当該新株予約権（当該新株予約権に係る契約において、次に掲げる要件（当該新株予約権が当該取締役等に対して与えられたものである場合には、第一号から第六号までに掲げる要件）が定められているものに限る。以下この条において「特定新株予約権」という。）を当該契約に従つて行使することにより当該特定新株予約権に係る株式の取得をした場合には、当該株式の取得に係る経済的利益については、所得税を課さない。ただし、当該取締役等若しくは権利承継相続人又は当該特定従事者（以下この項及び次項において「権利者」という。）が、当該特定新株予約権の行使をすることにより、その年における当該行使に際し払い込むべき額（以下この項及び次項第三号において「権利行使価額」という。）（当該特定新株予約権に係る付与決議の日において、当該特定新株予約権に係る契約を締結した株式会社がその設立の日以後の期間が五年未満のものである場合には当該権利行使価額を二で除して計算した金額とし、当該株式会社がその設立の日以後の期間が五年以上二十年未満であることその他の財務省令で定める要件を満たすものである場合には当該権利行使価額を三で除して計算した金額とする。以下この項（第三号を除く。）及び次項第三号において同じ。）と当該権利者がその年において既にした当該特定新株予約権及び他の特定新株予約権の行使に係る権利行使価額との合計額が、千二百万円を超えることとなる場合には、当該千二百万円を超えることとなる特定新株予約権の行使による株式の取得に係る経済的利益については、この限りでない。
that the share options must be exercised during the period from the day on which two years have elapsed after the day of the grant resolution pertaining to the share options to the day on which 10 years elapse after the day of that grant resolution (where, on the day of that grant resolution, the stock company that concluded the contract pertaining to the share options meets the requirements specified by Order of the Ministry of Finance, such as that the period since the day of its incorporation is less than five years, the day on which 15 years elapse after the day of that grant resolution);
that the annual total of the exercise prices pertaining to the exercise of the share options does not exceed 12,000,000 yen;
that the exercise price per share pertaining to the exercise of the share options is equal to or more than the amount equivalent to the value per share of the shares of the stock company that concluded the contract pertaining to the share options at the time of the conclusion of that contract;
that the share options are not permitted to be transferred;
当該新株予約権については、譲渡をしてはならないこととされていること。
that the delivery of shares pertaining to the exercise of the share options is made without violating the matters prescribed in Article 238, paragraph (1) of the Companies Act for which the grant resolution was adopted for that delivery;
当該新株予約権の行使に係る株式の交付が当該交付のために付与決議がされた会社法第二百三十八条第一項に定める事項に反しないで行われるものであること。
that, with regard to the shares to be acquired through the exercise of the share options, any of the following requirements is met:
当該新株予約権の行使により取得をする株式につき、次に掲げる要件のいずれかを満たすこと。
that, in accordance with an arrangement concluded in advance between the stock company pertaining to the exercise and a financial instruments business operator or financial institution specified by Cabinet Order (referred to in this Article as a "financial instruments business operator, etc.") concerning entries or records in the transfer account book (meaning the transfer account book prescribed in the Act on Book-Entry Transfer of Corporate Bonds and Shares; the same applies hereinafter in this Article), custody, or a trust for management and disposition (referred to in this Article as a "trust for management, etc.") of the shares of that stock company to be delivered through the exercise of share options (limited to an arrangement that sets out the requirements specified by Cabinet Order, such as that the account for entries or records in that transfer account book or for custody, or the contract for that trust for management, etc., is opened or concluded separately for each right holder, and that no shares other than the shares of that stock company delivered through the exercise of share options are accepted into that account or under that contract), pursuant to the provisions of Cabinet Order, immediately after the acquisition, the shares receive entries or records in the transfer account book of that financial instruments business operator, etc., or are placed in custody or in a trust for management, etc. with a business office or other office of that financial instruments business operator, etc. (referred to in paragraph (4) as a "business office or similar place"), through that stock company;
当該行使に係る株式会社と金融商品取引業者又は金融機関で政令で定めるもの（以下この条において「金融商品取引業者等」という。）との間であらかじめ締結される新株予約権の行使により交付をされる当該株式会社の株式の振替口座簿（社債、株式等の振替に関する法律に規定する振替口座簿をいう。以下この条において同じ。）への記載若しくは記録、保管の委託又は管理及び処分に係る信託（以下この条において「管理等信託」という。）に関する取決め（当該振替口座簿への記載若しくは記録若しくは保管の委託に係る口座又は当該管理等信託に係る契約が権利者の別に開設され、又は締結されるものであること、当該口座又は契約においては新株予約権の行使により交付をされる当該株式会社の株式以外の株式を受け入れないことその他の政令で定める要件が定められるものに限る。）に従い、政令で定めるところにより、当該取得後直ちに、当該株式会社を通じて、当該金融商品取引業者等の振替口座簿に記載若しくは記録を受け、又は当該金融商品取引業者等の営業所若しくは事務所（第四項において「営業所等」という。）に保管の委託若しくは管理等信託がされること。
that, in accordance with an arrangement concluded in advance between the stock company pertaining to the exercise and the person granted the share options under the contract concerning the management of the shares of that stock company (limited to shares with restriction on transfer; the same applies in (b)) to be delivered through the exercise of share options (limited to an arrangement that sets out the requirements specified by Cabinet Order, such as that the contract pertaining to that management is concluded separately for each right holder, and that the stock company manages the shares of that stock company delivered through the exercise of share options separately from other shares of the same class as those shares by keeping books for those shares and stating or recording in them, for each right holder, matters concerning the acquisition of those shares and other changes in their status), pursuant to the provisions of Cabinet Order, immediately after the acquisition, the shares are managed by that stock company.
当該行使に係る株式会社と当該契約により当該新株予約権を与えられた者との間であらかじめ締結される新株予約権の行使により交付をされる当該株式会社の株式（譲渡制限株式に限る。ロにおいて同じ。）の管理に関する取決め（当該管理に係る契約が権利者の別に締結されるものであること、当該株式会社が、新株予約権の行使により交付をされる当該株式会社の株式につき帳簿を備え、権利者の別に、当該株式の取得その他の異動状況に関する事項を記載し、又は記録することによつて、当該株式を当該株式と同一銘柄の他の株式と区分して管理をすることその他の政令で定める要件が定められるものに限る。）に従い、政令で定めるところにより、当該取得後直ちに、当該株式会社により管理がされること。
that a person granted the share options under the contract must, in the case of making a departure from Japan (meaning ceasing to have a domicile or residence in Japan; the same applies hereinafter in this item and paragraph (5)) during the period from the day of conclusion of the contract to the day of exercise of the share options, notify the stock company that concluded the contract pertaining to the share options to that effect by the time of that departure from Japan;
that, where the certification under the provisions of Article 9, paragraph (2) of the Act on Strengthening the Management of Small and Medium-Sized Enterprises, etc. of the certified plan for developing new business fields using outside highly skilled personnel prescribed in that paragraph (referred to in items (ii) and (iv) of the following paragraph as a "certified plan for developing new business fields using outside highly skilled personnel") pertaining to a person granted the share options under the contract has been revoked under the provisions of paragraph (2) of that Article on or before the day of exercise of the share options, the stock company that concluded the contract pertaining to the share options must promptly notify that person to that effect.
The provisions of the main clause of the preceding paragraph apply only if, when a right holder exercises specified share options, the following requirements (where the specified share options exercised by the right holder were granted to a director, etc., the requirements listed in items (i) and (iii)) are met:
that the right holder has submitted to the stock company pertaining to the exercise a document pledging that the right holder (where the right holder is an heir succeeding to the rights, the director, etc. who is that heir's decedent) was neither a major shareholder nor a person specially related to a major shareholder of that stock company on the day of the grant resolution pertaining to the specified share options (including the provision, by electronic or magnetic means (meaning a method using an electronic data processing system or any other method using information and communications technology; the same applies hereinafter in this paragraph and the following paragraph), of the matters to be stated in that document in lieu of the submission of that document);
that the right holder has submitted to the stock company pertaining to the exercise a document pledging that the right holder has continuously been a resident from the start date of implementation, etc. of the certified plan for developing new business fields using outside highly skilled personnel pertaining to the right holder to the day of that exercise (including the provision, by electronic or magnetic means, of the matters to be stated in that document in lieu of the submission of that document);
当該権利者が、当該権利者に係る認定社外高度人材活用新事業分野開拓計画の実施時期の開始等の日から当該行使の日まで引き続き居住者であつたことを誓約する書面を当該行使に係る株式会社に提出（当該書面の提出に代えて行う電磁的方法による当該書面に記載すべき事項の提供を含む。）をしたこと。
that the right holder has submitted to the stock company pertaining to the exercise a document stating whether the right holder has exercised other specified share options in the year that includes the day of exercise of the specified share options (where the other specified share options have been exercised, the exercise price pertaining to that exercise and the date of exercise), and any other matters specified by Order of the Ministry of Finance (including the provision, by electronic or magnetic means, of the matters to be stated in that document in lieu of the submission of that document; the same applies in the following item);
that the stock company pertaining to the exercise has confirmed that the certification of the certified plan for developing new business fields using outside highly skilled personnel pertaining to the right holder has not been revoked under the provisions of Article 9, paragraph (2) of the Act on Strengthening the Management of Small and Medium-Sized Enterprises, etc., and has stated or recorded the fact of that confirmation in the document referred to in the preceding item submitted by the right holder (including an electronic or magnetic record (meaning a record made in an electronic form, a magnetic form, or any other form not recognizable to human senses, which is used in information processing by computers; the same applies in the following paragraph) in which the matters to be stated in that document provided by electronic or magnetic means are recorded).
当該行使に係る株式会社が、当該権利者に係る認定社外高度人材活用新事業分野開拓計画につき中小企業等経営強化法第九条第二項の規定による認定の取消しがなかつたことを確認し、当該権利者から提出を受けた前号の書面（電磁的方法により提供された当該書面に記載すべき事項を記録した電磁的記録（電子的方式、磁気的方式その他人の知覚によつては認識することができない方式で作られる記録であつて、電子計算機による情報処理の用に供されるものをいう。次項において同じ。）を含む。）に当該確認をした事実を記載し、又は記録したこと。
The stock company referred to in items (i) through (iii) of the preceding paragraph must, when it has received the submission prescribed in items (i) through (iii) of that paragraph of the documents referred to in items (i) through (iii) of that paragraph, preserve those documents (including electronic or magnetic records in which the matters to be stated in those documents provided by electronic or magnetic means are recorded) pursuant to the provisions of Order of the Ministry of Finance.
前項第一号から第三号までの株式会社は、同項第一号から第三号までの書面の同項第一号から第三号までに規定する提出を受けた場合には、財務省令で定めるところにより、これらの書面（電磁的方法により提供されたこれらの書面に記載すべき事項を記録した電磁的記録を含む。）を保存しなければならない。
Where, due to any of the following events, all or part of the shares acquired by an individual who has received the application of the provisions of the main clause of paragraph (1) (referred to in this paragraph and the following paragraph as a "person granted the special rule") upon receiving that application, or any other shares specified by Cabinet Order as similar thereto, held by that individual (limited to those that have received entries or records in the transfer account book of a financial instruments business operator, etc. or are placed in custody or in a trust for management, etc. with the business office or similar place of a financial instruments business operator, etc. in accordance with the arrangement prescribed in paragraph (1), item (vi), (a), or that are managed, in accordance with the arrangement prescribed in (b) of that item, by the stock company prescribed in (b) of that item (including the merging corporation prescribed in Article 2, item (xii) of the Corporation Tax Act pertaining to a merger in which that stock company is the merged corporation prescribed in item (xi) of that Article, which has received the transfer of the contract pertaining to the management prescribed in paragraph (1), item (vi), (b) through that merger, and any other corporation specified by Order of the Ministry of Finance; the same applies hereinafter in this paragraph and paragraph (7)); referred to in this Article as "specified shares") have been returned or transferred (excluding the case where an individual who has acquired specified shares (excluding shares acquired through the exercise of specified share options granted to a specified engaged person and any other shares specified by Cabinet Order as similar thereto; referred to in this paragraph and the following paragraph as "specified shares of directors, etc.") from a person granted the special rule by inheritance (excluding inheritance pertaining to a qualified acceptance) or bequest (excluding a bequest to the trustee of a public interest trust prescribed in Article 2, paragraph (1), item (i) of the Act on Public Interest Trusts (Act No. 30 of 2024) made for inclusion in its trust property, and a universal legacy pertaining to a qualified acceptance) (referred to in this paragraph as a "successor subject to the special provisions") continues to have those specified shares of directors, etc. receive entries or records in the transfer account book of the financial instruments business operator, etc. pertaining to those specified shares of directors, etc., or to place them in custody or in a trust for management, etc. with the business office or similar place of the financial instruments business operator, etc., in accordance with the arrangement prescribed in paragraph (1), item (vi), (a), or continues to have those specified shares of directors, etc. managed, in accordance with the arrangement prescribed in (b) of that item, by the stock company prescribed in (b) of that item that had been managing those specified shares of directors, etc.), the provisions of Article 37-10 and Article 37-11 and other provisions of laws and regulations concerning income tax apply by deeming that, for the specified shares so returned or transferred, a transfer was made, at the time the event occurred, for an amount equivalent to their value at that time, and that a person granted the special rule who has received a return due to the event listed in item (i) acquired, at the time the event occurred, shares of the same class as those specified shares, in a number equivalent to the number of the specified shares returned, for an amount equivalent to their value at that time. The same applies where, due to any of the following events, all or part of the inherited specified shares (meaning specified shares of directors, etc. acquired from a person granted the special rule by that inheritance or bequest, and any other shares specified by Cabinet Order as similar thereto, which continue to receive entries or records in the transfer account book of the financial instruments business operator, etc. pertaining to those specified shares of directors, etc., or to be placed in custody or in a trust for management, etc. with the business office or similar place of the financial instruments business operator, etc., in accordance with the arrangement prescribed in paragraph (1), item (vi), (a), or continue to be managed, in accordance with the arrangement prescribed in (b) of that item, by the stock company prescribed in (b) of that item that had been managing those specified shares of directors, etc.; the same applies hereinafter in this Article) held by a successor subject to the special provisions have been returned or transferred.
次に掲げる事由により、第一項本文の規定の適用を受けた個人（以下この項及び次項において「特例適用者」という。）が有する当該適用を受けて取得をした株式その他これに類する株式として政令で定めるもの（第一項第六号イに規定する取決めに従い金融商品取引業者等の振替口座簿に記載若しくは記録を受け、若しくは金融商品取引業者等の営業所等に保管の委託若しくは管理等信託がされているもの又は同号ロに規定する取決めに従い同号ロに規定する株式会社（当該株式会社を法人税法第二条第十一号に規定する被合併法人とする合併により同項第六号ロに規定する管理に係る契約の移転を受けた当該合併に係る同条第十二号に規定する合併法人その他の財務省令で定める法人を含む。以下この項及び第七項において同じ。）により管理がされているものに限る。以下この条において「特定株式」という。）の全部又は一部の返還又は移転があつた場合（特例適用者から相続（限定承認に係るものを除く。）又は遺贈（公益信託に関する法律（令和六年法律第三十号）第二条第一項第一号に規定する公益信託の受託者に対するものであつてその信託財産とするためのもの及び包括遺贈のうち限定承認に係るものを除く。）により特定株式（特定従事者に対して与えられた特定新株予約権の行使により取得をした株式その他これに類する株式として政令で定めるものを除く。以下この項及び次項において「取締役等の特定株式」という。）の取得をした個人（以下この項において「承継特例適用者」という。）が、当該取締役等の特定株式を第一項第六号イに規定する取決めに従い引き続き当該取締役等の特定株式に係る金融商品取引業者等の振替口座簿に記載若しくは記録を受け、若しくは金融商品取引業者等の営業所等に保管の委託若しくは管理等信託をし、又は当該取締役等の特定株式を同号ロに規定する取決めに従い引き続き当該取締役等の特定株式の管理をしていた同号ロに規定する株式会社により管理をさせる場合を除く。）には、当該返還又は移転があつた特定株式については、その事由が生じた時に、その時における価額に相当する金額による譲渡があつたものと、第一号に掲げる事由による返還を受けた特例適用者については、当該事由が生じた時に、その時における価額に相当する金額をもつて当該返還を受けた特定株式の数に相当する数の当該特定株式と同一銘柄の株式の取得をしたものとそれぞれみなして、第三十七条の十及び第三十七条の十一の規定その他の所得税に関する法令の規定を適用する。次に掲げる事由により、承継特例適用者が有する承継特定株式（特例適用者から当該相続又は遺贈により取得をした取締役等の特定株式その他これに類する株式として政令で定めるもので、第一項第六号イに規定する取決めに従い引き続き当該取締役等の特定株式に係る金融商品取引業者等の振替口座簿に記載若しくは記録を受け、若しくは金融商品取引業者等の営業所等に保管の委託若しくは管理等信託がされ、又は同号ロに規定する取決めに従い引き続き当該取締役等の特定株式の管理をしていた同号ロに規定する株式会社により管理がされているものをいう。以下この条において同じ。）の全部又は一部の返還又は移転があつた場合についても、同様とする。
cancellation or termination of the contract pertaining to entries or records in the transfer account book of that financial instruments business operator, etc., custody, or a trust for management, etc., or to management by the stock company prescribed in paragraph (1), item (vi), (b) (excluding a termination pertaining to a transfer made in accordance with the arrangement prescribed in (a) or (b) of that item and any other termination specified by Cabinet Order);
gift (excluding a gift to a corporation and a gift to an individual who is the trustee of a public interest trust prescribed in Article 2, paragraph (1), item (i) of the Act on Public Interest Trusts (referred to in this item as a "public interest trust") (limited to a gift made for inclusion in its trust property)), or inheritance (excluding inheritance pertaining to a qualified acceptance) or bequest (excluding a bequest to a corporation, a bequest to an individual who is the trustee of a public interest trust (limited to a bequest made for inclusion in its trust property), and a universal legacy to an individual pertaining to a qualified acceptance);
贈与（法人に対するもの及び公益信託に関する法律第二条第一項第一号に規定する公益信託（以下この号において「公益信託」という。）の受託者である個人に対するもの（その信託財産とするためのものに限る。）を除く。）又は相続（限定承認に係るものを除く。）若しくは遺贈（法人に対するもの並びに公益信託の受託者である個人に対するもの（その信託財産とするためのものに限る。）及び個人に対する包括遺贈のうち限定承認に係るものを除く。）
a transfer other than a transfer made in accordance with the arrangement prescribed in paragraph (1), item (vi), (a) or (b), which is made at a price lower than the value at the time of the transfer (excluding a transfer that falls under the transfer prescribed in Article 59, paragraph (1), item (ii) of the Income Tax Act).
第一項第六号イ又はロに規定する取決めに従つてされる譲渡以外の譲渡でその譲渡の時における価額より低い価額によりされるもの（所得税法第五十九条第一項第二号に規定する譲渡に該当するものを除く。）
Where a person granted the special rule makes a departure from Japan, with regard to those of the specified shares (excluding specified shares of directors, etc.) held at the time of that departure from Japan for which the amount specified by Cabinet Order as the amount equivalent to their value at the time of that departure from Japan (referred to in this paragraph as the "value at the time of departure from Japan") exceeds the amount specified by Cabinet Order as the amount spent on their acquisition, and which are specified by Cabinet Order (referred to in this paragraph as the "specified engaged person's specified shares"), the provisions of Article 37-10 and Article 37-11 and other provisions of laws and regulations concerning income tax apply by deeming that a transfer was made, at the time of that departure from Japan, at the value at exercise (meaning the lesser of the value at the time of departure from Japan of those specified engaged person's specified shares and the amount specified by Cabinet Order as the amount equivalent to the value of those specified engaged person's specified shares on the day on which the person granted the special rule exercised the specified share options pertaining to those specified engaged person's specified shares; the same applies hereinafter in this paragraph), and that the person granted the special rule acquired, at the time of that departure from Japan, shares of the same class as those specified engaged person's specified shares, in a number equivalent to the number of those specified engaged person's specified shares, for that value at exercise.
特例適用者が国外転出をする場合には、その国外転出の時に有する特定株式（取締役等の特定株式を除く。）のうちその国外転出の時における価額に相当する金額として政令で定める金額（以下この項において「国外転出時価額」という。）がその取得に要した金額として政令で定める金額を超えるもので政令で定めるもの（以下この項において「特定従事者の特定株式」という。）については、その国外転出の時に、権利行使時価額（当該特定従事者の特定株式の国外転出時価額と当該特例適用者が当該特定従事者の特定株式に係る特定新株予約権の行使をした日における当該特定従事者の特定株式の価額に相当する金額として政令で定める金額とのうちいずれか少ない金額をいう。以下この項において同じ。）による譲渡があつたものと、当該特例適用者については、その国外転出の時に、当該権利行使時価額をもつて当該特定従事者の特定株式の数に相当する数の当該特定従事者の特定株式と同一銘柄の株式の取得をしたものとそれぞれみなして、第三十七条の十及び第三十七条の十一の規定その他の所得税に関する法令の規定を適用する。
A stock company that grants specified share options to a director, etc., an heir succeeding to the rights, or a specified engaged person under a contract based on a grant resolution must submit a report on the grant of those specified share options (referred to in this Article as a "report on the grant of specified share options") to the district director by January 31 of the year following the year that includes the day of the grant, pursuant to the provisions of Cabinet Order.
A financial instruments business operator, etc. that, in accordance with the arrangement prescribed in paragraph (1), item (vi), (a) or (b), makes entries or records in the transfer account book for, accepts custody of, or accepts a trust for management, etc. of, specified shares or inherited specified shares, or the stock company prescribed in (b) of that item that manages them, must submit a report on the acceptance or acquisition, delivery, or other changes in the status of those specified shares or inherited specified shares (referred to in this Article as a "report on changes in specified shares, etc.") to the district director by January 31 of each year, pursuant to the provisions of Cabinet Order.
Special provisions on the calculation of the acquisition cost of shares in the case where the provisions of the main clause of paragraph (1) are applied, special provisions on the scope of domestic source income pertaining to the transfer of shares and on the method of taxation of nonresidents in the case where the provisions of the main clause of that paragraph are applied, special provisions on the provisions of Article 224-3 and Article 225 of the Income Tax Act pertaining to the transfer of specified shares or inherited specified shares, special provisions on the provisions of Article 228-2 of that Act pertaining to the acquisition of specified shares, and other necessary matters concerning the application of the provisions of paragraph (1), paragraph (4), and paragraph (5) are specified by Cabinet Order.
第一項本文の規定の適用を受ける場合における株式の取得価額の計算の特例、同項本文の規定の適用を受ける場合における株式の譲渡に係る国内源泉所得の範囲及び非居住者に対する課税の方法の特例、特定株式又は承継特定株式の譲渡に係る所得税法第二百二十四条の三及び第二百二十五条の規定の特例、特定株式の取得に係る同法第二百二十八条の二の規定の特例その他第一項、第四項及び第五項の規定の適用に関し必要な事項は、政令で定める。
The relevant official of the National Tax Agency, the Regional Taxation Bureau, or the tax office may, when necessary for an investigation concerning the submission of a report on the grant of specified share options or a report on changes in specified shares, etc., ask questions of a person who is obliged to submit that report on the grant of specified share options or report on changes in specified shares, etc., inspect that person's books and documents and other articles concerning the grant of specified share options or the acceptance or acquisition, delivery, or other changes in the status of specified shares or inherited specified shares, or request the presentation or submission of those articles (including copies thereof).
国税庁、国税局又は税務署の当該職員は、特定新株予約権の付与に関する調書又は特定株式等の異動状況に関する調書の提出に関する調査について必要があるときは、当該特定新株予約権の付与に関する調書若しくは特定株式等の異動状況に関する調書を提出する義務がある者に質問し、その者の特定新株予約権の付与若しくは特定株式若しくは承継特定株式の受入れ若しくは取得若しくは交付その他の異動状況に関する帳簿書類その他の物件を検査し、又は当該物件（その写しを含む。）の提示若しくは提出を求めることができる。
The relevant official of the National Tax Agency, the Regional Taxation Bureau, or the tax office may, when necessary for an investigation concerning the submission of a report on the grant of specified share options or a report on changes in specified shares, etc., retain articles submitted in that investigation.
国税庁、国税局又は税務署の当該職員は、特定新株予約権の付与に関する調書又は特定株式等の異動状況に関する調書の提出に関する調査について必要があるときは、当該調査において提出された物件を留め置くことができる。
The relevant official of the National Tax Agency, the Regional Taxation Bureau, or the tax office, when asking questions, conducting an inspection, or requesting presentation or submission pursuant to the provisions of paragraph (9), must carry an identification card and present it to the person concerned when requested.
国税庁、国税局又は税務署の当該職員は、第九項の規定による質問、検査又は提示若しくは提出の要求をする場合には、その身分を示す証明書を携帯し、関係人の請求があつたときは、これを提示しなければならない。
The authority of the officials under the provisions of paragraph (9) and paragraph (10) must not be construed as being granted for the purpose of criminal investigation.
Beyond what is provided for in the preceding paragraph, necessary matters concerning the application of the provisions of paragraph (10) are specified by Cabinet Order.