Article 37-11-2Special Provisions on Taxation of Capital Gains, etc. on Shares, etc. in the Case Where Specified Managed Shares, etc. Have Lost Their Value
第三十七条の十一の二（特定管理株式等が価値を失つた場合の株式等に係る譲渡所得等の課税の特例）
Where, with respect to a resident or a nonresident who has a permanent establishment, any of the following facts occurs as a case where a loss has arisen because specified managed shares, etc. held by that person (meaning shares or public and corporate bonds issued by a domestic corporation whose shares or public and corporate bonds, as listed shares, etc. held in a specified account prescribed in paragraph (1) of the following Article pertaining to a specified account (meaning a specified account prescribed in paragraph (3), item (i) of the following Article; hereinafter the same applies in this paragraph) opened by the resident or nonresident who has a permanent establishment (excluding those moved to the specified account pursuant to the provisions of Cabinet Order), have ceased to fall under listed shares, etc. (meaning listed shares, etc. prescribed in paragraph (2) of the preceding Article; hereinafter the same applies up to Article 37-11-4 and in Article 37-11-6 and Article 37-12-2), which, since the date on which they ceased to fall under listed shares, etc., have continuously been entered or recorded in the transfer account book (meaning the transfer account book prescribed in the Act on Book-Entry Transfer of Corporate Bonds and Shares; hereinafter the same applies in this paragraph and the following paragraph and in paragraphs (1) and (3) of the following Article) pertaining to a specified management account (meaning an account that meets the requirements specified by Order of the Ministry of Finance, such as that custody of the shares or public and corporate bonds issued by a domestic corporation whose listed shares, etc. held in the specified account have ceased to fall under listed shares, etc. is entrusted by moving them from the specified account; hereinafter the same applies in this paragraph and the following paragraph) opened with the financial instruments business operator, etc. (meaning a financial instruments business operator, etc. prescribed in that item) with which the specified account is opened, or custody of which has been entrusted to the specified management account; hereinafter the same applies in this paragraph and the following paragraph) or public and corporate bonds held in a specified account (meaning public and corporate bonds issued by a domestic corporation that are entered or recorded in the transfer account book pertaining to the specified account or custody of which has been entrusted to the specified account) have lost their value as shares or public and corporate bonds, the occurrence of that fact is deemed to be a transfer of the specified managed shares, etc. or of the public and corporate bonds held in a specified account, and the amount specified by Cabinet Order as the amount of that loss is deemed to be the amount of losses arising from a transfer of listed shares, etc. prescribed in Article 37-12-2, paragraph (2), and the provisions of this Article, the preceding Article and Article 37-12-2 and other provisions of laws and regulations concerning income tax apply:
居住者又は恒久的施設を有する非居住者について、その有する特定管理株式等（当該居住者又は恒久的施設を有する非居住者の開設する特定口座（次条第三項第一号に規定する特定口座をいう。以下この項において同じ。）に係る同条第一項に規定する特定口座内保管上場株式等（政令で定めるところにより特定口座に移管されたものを除く。）が上場株式等（前条第二項に規定する上場株式等をいう。以下第三十七条の十一の四まで、第三十七条の十一の六及び第三十七条の十二の二において同じ。）に該当しないこととなつた内国法人が発行した株式又は公社債につき、当該上場株式等に該当しないこととなつた日以後引き続き当該特定口座を開設する金融商品取引業者等（同号に規定する金融商品取引業者等をいう。）に開設される特定管理口座（当該特定口座内保管上場株式等が上場株式等に該当しないこととなつた内国法人が発行した株式又は公社債につき当該特定口座から移管により保管の委託がされることその他の財務省令で定める要件を満たす口座をいう。以下この項及び次項において同じ。）に係る振替口座簿（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。以下この項及び次項並びに次条第一項及び第三項において同じ。）に記載若しくは記録がされ、又は特定管理口座に保管の委託がされている当該内国法人が発行した株式又は公社債をいう。以下この項及び次項において同じ。）又は特定口座内公社債（当該特定口座に係る振替口座簿に記載若しくは記録がされ、又は当該特定口座に保管の委託がされている内国法人が発行した公社債をいう。）が株式又は公社債としての価値を失つたことによる損失が生じた場合として次に掲げる事実が発生したときは、当該事実が発生したことは当該特定管理株式等又は特定口座内公社債の譲渡をしたことと、当該損失の金額として政令で定める金額は第三十七条の十二の二第二項に規定する上場株式等の譲渡をしたことにより生じた損失の金額とそれぞれみなして、この条、前条及び第三十七条の十二の二の規定その他の所得税に関する法令の規定を適用する。
the domestic corporation that issued the specified managed shares, etc. or the public and corporate bonds held in a specified account has dissolved (excluding dissolution due to a merger) and its liquidation has been completed;
a fact specified by Cabinet Order as being similar to the fact listed in the preceding item.
前号に掲げる事実に類する事実として政令で定めるもの
Where a resident or a nonresident who has a permanent establishment transfers (including a transaction specified by Cabinet Order as being similar to a transfer, and excluding a transfer made by the method of a securities futures transaction; hereinafter the same applies up to Article 37-11-6 and in Article 37-12-2 and Article 37-13-3) specified managed shares, etc. that are entered or recorded in the transfer account book of a specified management account (where the person has two or more specified management accounts, each of them; hereinafter the same applies in this paragraph) or custody of which has been entrusted to a specified management account, the amount of business income, the amount of capital gains or the amount of miscellaneous income from the transfer of the specified managed shares, etc. and the amount of business income, the amount of capital gains or the amount of miscellaneous income from the transfer of shares, etc. (meaning shares, etc. prescribed in Article 37-10, paragraph (2)) other than the specified managed shares, etc. are to be calculated separately pursuant to the provisions of Cabinet Order.
居住者又は恒久的施設を有する非居住者が、特定管理口座（その者が二以上の特定管理口座を有する場合には、それぞれの特定管理口座。以下この項において同じ。）の振替口座簿に記載若しくは記録がされ、又は特定管理口座に保管の委託がされている特定管理株式等の譲渡（これに類するものとして政令で定めるものを含み、有価証券先物取引の方法により行うものを除く。以下第三十七条の十一の六まで、第三十七条の十二の二及び第三十七条の十三の三において同じ。）をした場合には、政令で定めるところにより、当該特定管理株式等の譲渡による事業所得の金額、譲渡所得の金額又は雑所得の金額と当該特定管理株式等の譲渡以外の株式等（第三十七条の十第二項に規定する株式等をいう。）の譲渡による事業所得の金額、譲渡所得の金額又は雑所得の金額とを区分して、これらの金額を計算するものとする。
The provisions of paragraph (1) apply, pursuant to the provisions of Cabinet Order, only where the final return for the year that includes the date on which the fact prescribed in that paragraph occurred contains a statement to the effect that the person seeks the application of the provisions of that paragraph, and has attached to it a written statement concerning the calculation of the amount specified by Cabinet Order as the amount of losses prescribed in that paragraph and other documents specified by Order of the Ministry of Finance.
Even if the final return referred to in the preceding paragraph is not filed, or a final return is filed without the statement or document referred to in that paragraph, the district director may apply paragraph (1) if the district director finds that there were unavoidable circumstances for the failure to file the return or to include the statement or document, but only if a document giving that statement and the document prescribed by Order of the Ministry of Finance referred to in that paragraph are submitted.
Cabinet Order provides for the necessary particulars concerning the application of the provisions of paragraphs (1) and (2).