Article 34Special Deduction for Capital Gains in the Case of Transfer of Land, etc. for Specified Land Readjustment Projects, etc.
第三十四条（特定土地区画整理事業等のために土地等を譲渡した場合の譲渡所得の特別控除）
If land or a right existing on land held by an individual (hereinafter referred to in this Subsection as "land, etc.") comes to fall under the case where it is purchased for a specified land readjustment project, etc., then, except where the individual is subject to the provisions of Article 36-2, Article 36-5, Article 37, or Article 37-4 with regard to all or part of the land, etc. that has come to fall under that case during that year (excluding any portion that is subject to the provisions of Article 35), the following provisions apply with regard to the application of the provisions of Article 31 or Article 32 to the transfer of all of that land, etc.:
in Article 31, paragraph (1), the phrase "the amount of long-term capital gains (" is deemed to be replaced with "the amount remaining after deducting 20 million yen (or, where the portion of the amount of long-term capital gains pertaining to the transfer of land, etc. falling under the provisions of Article 34, paragraph (1) is less than 20 million yen, the amount of the portion pertaining to the transfer of the land, etc., and where the provisions of Article 32, paragraph (1) as read with the terms replaced pursuant to the provisions of item (ii) of that paragraph apply, the amount remaining after deducting the amount deducted pursuant to the provisions of that paragraph from 20 million yen or the amount of the portion pertaining to the transfer of the land, etc., whichever is lower) from the amount of long-term capital gains (";
in Article 32, paragraph (1), the phrase "the amount of short-term capital gains (" is deemed to be replaced with "the amount remaining after deducting 20 million yen (or, where the portion of the amount of short-term capital gains pertaining to the transfer of land, etc. falling under the provisions of Article 34, paragraph (1) is less than 20 million yen, the amount of the portion pertaining to the transfer of the land, etc.) from the amount of short-term capital gains (".
The case where land, etc. is purchased for a specified land readjustment project, etc. prescribed in the preceding paragraph means any of the following cases:
前項に規定する特定土地区画整理事業等のために買い取られる場合とは、次に掲げる場合をいう。
where land, etc. is purchased by the State, a local government, the Urban Renaissance Agency, or a Local Housing Corporation (including an organization established by a local government that is specified by Cabinet Order) for use in a project for the improvement of public facilities, the development of residential land, the construction of apartment houses, or the development of buildings and building sites, which any of those persons carries out as a land readjustment project under the Land Readjustment Act, a residential block improvement project under the Urban Housing Supply Promotion Act, a Class 1 urban redevelopment project under the Urban Renewal Act, or a disaster prevention block improvement project under the Act on Promotion of Improvement of Disaster Control Districts in Populated Urban Districts (excluding the case where the provisions of Article 33, paragraph (1), items (iii)-4 through (iii)-6 apply);
国、地方公共団体、独立行政法人都市再生機構又は地方住宅供給公社が土地区画整理法による土地区画整理事業、大都市地域住宅等供給促進法による住宅街区整備事業、都市再開発法による第一種市街地再開発事業又は密集市街地における防災街区の整備の促進に関する法律による防災街区整備事業として行う公共施設の整備改善、宅地の造成、共同住宅の建設又は建築物及び建築敷地の整備に関する事業の用に供するためこれらの者（地方公共団体の設立に係る団体で政令で定めるものを含む。）に買い取られる場合（第三十三条第一項第三号の四から第三号の六までの規定の適用がある場合を除く。）
where land, etc. within a planned project site prescribed in Article 56, paragraph (1) of the City Planning Act for a Class 1 urban redevelopment project under the Urban Renewal Act is purchased, pursuant to the provisions of that paragraph, by an urban redevelopment association established with the authorization referred to in Article 11, paragraph (2) of the Urban Renewal Act that carries out the Class 1 urban redevelopment project;
都市再開発法による第一種市街地再開発事業の都市計画法第五十六条第一項に規定する事業予定地内の土地等が、同項の規定に基づいて、当該第一種市街地再開発事業を行う都市再開発法第十一条第二項の認可を受けて設立された市街地再開発組合に買い取られる場合
where land, etc. within a planned project site prescribed in Article 56, paragraph (1) of the City Planning Act for a disaster prevention block improvement project under the Act on Promotion of Improvement of Disaster Control Districts in Populated Urban Districts is purchased, pursuant to the provisions of that paragraph, by a disaster prevention block improvement project association established with the authorization referred to in Article 136, paragraph (2) of the Act on Promotion of Improvement of Disaster Control Districts in Populated Urban Districts that carries out the disaster prevention block improvement project;
密集市街地における防災街区の整備の促進に関する法律による防災街区整備事業の都市計画法第五十六条第一項に規定する事業予定地内の土地等が、同項の規定に基づいて、当該防災街区整備事業を行う密集市街地における防災街区の整備の促進に関する法律第百三十六条第二項の認可を受けて設立された防災街区整備事業組合に買い取られる場合
where land, etc. is purchased pursuant to the provisions of Article 12, paragraph (1) of the Act on Special Measures concerning Preservation of Traditional Scenic Beauty in Ancient Capitals (Act No. 1 of 1966), Article 17, paragraph (1) or paragraph (3) of the Urban Green Space Conservation Act (Act No. 72 of 1973), Article 8, paragraph (1) of the Act on Special Measures concerning Countermeasures against Aircraft Noise around Specified Airports (Act No. 26 of 1978), Article 49, paragraph (4) of the Civil Aeronautics Act (Act No. 231 of 1952) (including as applied mutatis mutandis pursuant to Article 55-2, paragraph (3) of that Act), Article 5, paragraph (2) of the Act on Improvement of Living Environment of Areas Around Defense Facilities (Act No. 101 of 1974), or Article 9, paragraph (2) of the Act on Prevention of Damage caused by Aircraft Noise in Areas around Public Airports (Act No. 110 of 1967), or the provisions of any other Act specified by Cabinet Order;
古都における歴史的風土の保存に関する特別措置法（昭和四十一年法律第一号）第十二条第一項、都市緑地法（昭和四十八年法律第七十二号）第十七条第一項若しくは第三項、特定空港周辺航空機騒音対策特別措置法（昭和五十三年法律第二十六号）第八条第一項、航空法（昭和二十七年法律第二百三十一号）第四十九条第四項（同法第五十五条の二第三項において準用する場合を含む。）、防衛施設周辺の生活環境の整備等に関する法律（昭和四十九年法律第百一号）第五条第二項又は公共用飛行場周辺における航空機騒音による障害の防止等に関する法律（昭和四十二年法律第百十号）第九条第二項その他政令で定める法律の規定により買い取られる場合
where target land prescribed in Article 13, paragraph (1) of the Act on Special Measures concerning Preservation of Traditional Scenic Beauty in Ancient Capitals is purchased, pursuant to the provisions of paragraph (4) of that Article, by the urban greening support organization referred to in that paragraph (limited to the case where the urban greening support organization satisfies the requirements specified by Cabinet Order, such as being an incorporated public interest association or an incorporated public interest foundation);
古都における歴史的風土の保存に関する特別措置法第十三条第一項に規定する対象土地が同条第四項の規定により同項の都市緑化支援機構に買い取られる場合（当該都市緑化支援機構が公益社団法人又は公益財団法人であることその他の政令で定める要件を満たす場合に限る。）
where target land prescribed in Article 17-2, paragraph (1) of the Urban Green Space Conservation Act is purchased, pursuant to the provisions of paragraph (4) of that Article, by the urban greening support organization referred to in that paragraph (limited to the case where the urban greening support organization satisfies the requirements specified by Cabinet Order, such as being an incorporated public interest association or an incorporated public interest foundation);
都市緑地法第十七条の二第一項に規定する対象土地が同条第四項の規定により同項の都市緑化支援機構に買い取られる場合（当該都市緑化支援機構が公益社団法人又は公益財団法人であることその他の政令で定める要件を満たす場合に限る。）
where land designated as an Important Cultural Property pursuant to the provisions of Article 27, paragraph (1) of the Act on Protection of Cultural Properties (Act No. 214 of 1950), land designated as a historic site, place of scenic beauty, or natural monument pursuant to the provisions of Article 109, paragraph (1) of that Act, land within the district designated as a special zone pursuant to the provisions of Article 20, paragraph (1) of the Natural Parks Act (Act No. 161 of 1957), or land within the district designated as a special district pursuant to the provisions of Article 25, paragraph (1) of the Nature Conservation Act (Act No. 85 of 1972) is purchased by the State or a local government (including an organization established by it that is specified by Cabinet Order) (this includes the case where the land designated as an Important Cultural Property or the land designated as a historic site, place of scenic beauty, or natural monument is purchased by the National Institutes for Cultural Heritage, the National Museum of Nature and Science, a local independent administrative agency (limited to one specified by Cabinet Order from among those whose main purpose is the services listed in Article 21, item (vi) of the Local Independent Administrative Agency Act (Act No. 118 of 2003)), or a cultural property preservation and utilization support organization prescribed in Article 192-2, paragraph (1) of the Act on Protection of Cultural Properties (where the land is purchased by the cultural property preservation and utilization support organization, limited to the case where that organization satisfies the requirements specified by Cabinet Order, such as being an incorporated public interest association or an incorporated public interest foundation), and excludes the case where the provisions of Article 33, paragraph (1), item (ii) apply);
文化財保護法（昭和二十五年法律第二百十四号）第二十七条第一項の規定により重要文化財として指定された土地、同法第百九条第一項の規定により史跡、名勝若しくは天然記念物として指定された土地、自然公園法（昭和三十二年法律第百六十一号）第二十条第一項の規定により特別地域として指定された区域内の土地又は自然環境保全法（昭和四十七年法律第八十五号）第二十五条第一項の規定により特別地区として指定された区域内の土地が国又は地方公共団体（その設立に係る団体で政令で定めるものを含む。）に買い取られる場合（当該重要文化財として指定された土地又は当該史跡、名勝若しくは天然記念物として指定された土地が独立行政法人国立文化財機構、独立行政法人国立科学博物館、地方独立行政法人（地方独立行政法人法（平成十五年法律第百十八号）第二十一条第六号に掲げる業務を主たる目的とするもののうち政令で定めるものに限る。）又は文化財保護法第百九十二条の二第一項に規定する文化財保存活用支援団体に買い取られる場合（当該文化財保存活用支援団体に買い取られる場合には、当該文化財保存活用支援団体が公益社団法人又は公益財団法人であることその他の政令で定める要件を満たす場合に限る。）を含むものとし、第三十三条第一項第二号の規定の適用がある場合を除く。）
where land within the district designated as a protection forest pursuant to the provisions of Article 25 or Article 25-2 of the Forest Act or land within a protection facility district designated pursuant to the provisions of Article 41 of that Act is purchased by the State or a local government for a protection facility project prescribed in paragraph (3) of that Article;
森林法第二十五条若しくは第二十五条の二の規定により保安林として指定された区域内の土地又は同法第四十一条の規定により指定された保安施設地区内の土地が同条第三項に規定する保安施設事業のために国又は地方公共団体に買い取られる場合
where farmland, etc. prescribed in Article 3, paragraph (2), item (vi) of the Act on Special Financial Support for Promoting Group Relocation for Disaster Mitigation (Act No. 132 of 1972) located within a relocation promotion area prescribed in Article 2, paragraph (1) of that Act that is specified in a group relocation promotion project plan prescribed in Article 3, paragraph (1) of that Act for which the consent referred to in that paragraph has been obtained, is purchased by a local government based on the group relocation promotion project plan (excluding the case where the provisions of Article 33, paragraph (1), item (ii) apply);
防災のための集団移転促進事業に係る国の財政上の特別措置等に関する法律（昭和四十七年法律第百三十二号）第三条第一項の同意を得た同項に規定する集団移転促進事業計画において定められた同法第二条第一項に規定する移転促進区域内にある同法第三条第二項第六号に規定する農地等が当該集団移転促進事業計画に基づき地方公共団体に買い取られる場合（第三十三条第一項第二号の規定の適用がある場合を除く。）
where agricultural land prescribed in Article 4, paragraph (1), item (i) of the Act on Promotion of Improvement of Agricultural Management Foundation that is located within the district prescribed in Article 22-4, paragraph (1) of that Act is purchased, based on the request referred to in paragraph (2) of that Article, by the farmland intermediary management organization referred to in that paragraph (limited to the case where the farmland intermediary management organization satisfies the requirements specified by Cabinet Order, such as being an incorporated public interest association or an incorporated public interest foundation).
農業経営基盤強化促進法第四条第一項第一号に規定する農用地で同法第二十二条の四第一項に規定する区域内にあるものが、同条第二項の申出に基づき、同項の農地中間管理機構に買い取られる場合（当該農地中間管理機構が公益社団法人又は公益財団法人であることその他の政令で定める要件を満たす場合に限る。）
Where, with regard to land, etc. held by an individual, two or more purchases referred to in those provisions have been made for use in a single project pertaining to the purchases referred to in the items of the preceding paragraph, if those purchases were made over two or more years, the provisions of paragraph (1) do not apply to the purchases other than those made in the year in which the purchases referred to in those provisions were first made.
With regard to a person who would be required to file a final return for the year even if the provisions of paragraph (1) were applied, the provisions of that paragraph apply only if the final return for the year for which the person seeks the application of the provisions of that paragraph contains a statement to the effect that the person seeks the application of the provisions of that paragraph, and a document certifying that the purchase of the land, etc. referred to in paragraph (1) has been made, which was issued by the person making the purchase referred to in the items of paragraph (2), and any other documents specified by Order of the Ministry of Finance are attached to that return.
Even in the case where no final return has been filed, or a final return without the statement or attachment referred to in the preceding paragraph has been filed, if the district director finds that there were unavoidable circumstances for the failure to file the return or to include the statement or attachment, the district director may apply the provisions of paragraph (1), but only if there has been a submission of a document containing that statement and the documents specified by Order of the Ministry of Finance referred to in that paragraph.
A person making a purchase referred to in the items of paragraph (2) must, pursuant to the provisions of Order of the Ministry of Finance, submit a record of payments pertaining to the purchase of the land, etc. referred to in paragraph (1) to the district director with jurisdiction over the location of the business office, office, or other place of business pertaining to the implementation of the project.