一transfer, etc. of land: These mean the following acts:

イtransfer of land (limited to land in Japan; hereinafter the same applies in this item) or any right on land (hereinafter referred to in this Section as "land, etc.") (excluding transfer of land, etc. as a result of qualified capital contribution in kind or qualified in-kind distribution and including the following acts):

（１）transfer of land, etc. as a result of a merger (excluding a qualified merger) or a company split (excluding a qualified company split);

（２）the creation of a superficies right or right of lease or any other act of having another person (including, in the case of a foreign corporation, the head office, etc. prescribed in Article 138, paragraph (1), item (i) of the Corporation Tax Act) use land for a long period of time under a contract, which is specified by Cabinet Order;

（３）an act of receiving remuneration for acting as an agent or intermediary in the sale or exchange of land, etc. and any other act specified by Cabinet Order as being equivalent to the transfer of land, etc.

ロtransfer of shares (including units of investment prescribed in Article 2, paragraph (14) of the Act on Investment Trusts and Investment Corporations; hereinafter the same applies in this Chapter) or capital contributions issued by a corporation whose assets mainly consist of land, etc. (excluding the part of the shares or capital contributions falling under the category of the capital contributions, units of investment, or beneficial interests listed as follows) (such transfer is to exclude transfer as a result of qualified capital contribution in kind, qualified in-kind distribution, or qualified share distribution prescribed in Article 2, item (xii)-15-3 of the Corporation Tax Act and includes transfer as a result of a merger (excluding a qualified merger) or a company split (excluding a qualified company split)) and which is specified by Cabinet Order as being equivalent to transfer of land, etc.;

（１）preferred equity prescribed in Article 2, paragraph (5) of the Act on the Securitization of Assets and specified equity prescribed in paragraph (6) of that Article, of a special purpose company prescribed in Article 2, paragraph (3) of that Act that falls under those listed in Article 67-14, paragraph (1), item (i), (b), 1. or 2. or those listed in (b), 3. or 4. of that item (excluding one that falls under the category of a family corporation prescribed in item (ii), (d) of that paragraph);

（２）units of investment prescribed in Article 2, paragraph (14) of the Act on Investment Trusts and Investment Corporations of an investment corporation prescribed in Article 2, paragraph (12) of that Act that falls under those listed in Article 67-15, paragraph (1), item (i), (b), 1. or 2. (excluding one that falls under the category of a family corporation prescribed in item (ii), (d) of that paragraph);

（３）beneficial interests in a special purpose trust listed in Article 2, item (xxix)-2, (e) of the Corporation Tax Act, out of trusts subject to corporate taxation, that falls under those listed in Article 68-3-2, paragraph (1), item (i), (b), 1. or 2. or those listed in (b), 3. or 4. of that item (excluding one that falls under the category of a family corporation prescribed in item (ii), (a) of that paragraph);

（４）beneficial interests in an investment trust listed in Article 2, item (xxix)-2, (d) of the Corporation Tax Act, out of trusts subject to corporate taxation, that meets the requirement listed in Article 68-3-3, paragraph (1), item (i), (b) (excluding one that falls under the category of a family corporation prescribed in item (ii), (a) of that paragraph).

二the amount of capital gain:These mean the amount that remains after deducting, from the amount calculated as specified by Cabinet Order as the amount of proceeds from the transfer, etc. of the land, the amount calculated as specified by Cabinet Order as the amount of cost price for the proceeds and the amount of expenses directly or indirectly required for the transfer, etc. of the land.

一transfer of land, etc. to the State, a local public entity, or any other corporation equivalent thereto which is specified by Cabinet Order;

二transfer of land, etc. to an Urban Renaissance Agency, a Land Development Public Corporation, or any other corporation equivalent thereto which is specified by Cabinet Order as a corporation aiming to conduct business for the provision of residential land or housing or advance acquisition of land, for which the transferred land, etc. is deemed to be directly necessary for conducting the business (excluding a transfer of land, etc. to a Land Development Public Corporation which is specified by Cabinet Order);

三transfer of the following land, etc. to a Land Development Public Corporation, with the transferred land, etc. being used for the respective projects specified below that are implemented by the Urban Renaissance Agency:

イland, etc. located within a promotion area for reconstruction of a disaster-damaged urban district specified in a city plan pursuant to the provisions of Article 5, paragraph (1) of the Act on Special Measures concerning Reconstruction of Urban Districts Damaged by Disaster: a land readjustment project for reconstruction of a disaster-damaged urban district under that Act;

ロland, etc. located within the area of a housing-damaged municipality prescribed in Article 21 of the Act on Special Measures concerning Reconstruction of Urban Districts Damaged by Disaster: a type 2 urban redevelopment project under the Urban Renewal Act.

四transfer of land, etc. as a result of nontaxable exchanges of properties, etc. prescribed in Article 65-2, paragraph (1) (excluding rights conversion prescribed in Article 65, paragraph (1), item (vi) and item (vii)) (excluding that which falls under the category of a transfer listed in the preceding three items or any other transfer of land, etc. specified by Cabinet Order);

五transfer of land, etc. to the project implementer of a type 1 urban redevelopment project under the Urban Renewal Act, with the transferred land, etc. being used for the project (excluding that which falls under the category of a transfer listed in the preceding items or any other transfer of land, etc. specified by Cabinet Order);

六transfer of land, etc. to the project implementer of a disaster prevention block improvement project under the Act on Promotion of Improvement of Disaster Control Districts in Populated Urban Districts, with the transferred land, etc. being used for the project (excluding that which falls under the category of a transfer listed in items (i) through (iv) or any other transfer of land, etc. specified by Cabinet Order);

七transfer of land, etc. to a certified business operator as prescribed in Article 23 of the Act on Special Measures Concerning Urban Reconstruction for an urban reconstruction project as prescribed in Article 25 of the Act under a certified plan as prescribed in the Article (limited to an urban reconstruction project that meets the requirements that the buildings specified in the certified plan (limited to buildings whose building area is larger than specified by Order of the Ministry of Finance) are constructed and that the area of the district where the project is to be carried out is one hectare or larger, as well as any other requirements specified by Cabinet Order) (such certified business operator includes the Urban Renaissance Agency that has concluded the agreement concerning the acquisition of land, etc. within the district with the certified business operator, as specified in the certified plan), with the transferred land, etc. being used for the urban reconstruction project (excluding that which falls under the category of a transfer listed in item (ii) through the preceding item);

八transfer of land, etc. to a person who carries out a specified project prescribed in Article 2, paragraph (2) of the National Strategic Special Zones Act that is set forth in a certified zone plan prescribed in Article 11, paragraph (1) of that Act, or a project to develop facilities that become necessary in connection with the implementation of that specified project (limited to those projects specified by Order of the Ministry of Finance as particularly contributing to the strengthening of the international competitiveness of industry or to the formation of bases for international economic activities), with the transferred land, etc. being used for those projects (excluding that which falls under the category of a transfer listed in item (ii) through the preceding item);

九transfer of the following land, etc. (limited to a transfer made after the ruling) to the business operator referred to in Article 10, paragraph (2), item (i) of the Act on Special Measures for Facilitating the Use of Land With an Unknown Owner who is stated in the written application for a ruling under paragraph (2) of that Article (hereinafter referred to in this item as the "written application for a ruling") pertaining to a ruling made pursuant to the provisions of Article 13, paragraph (1) of that Act (limited to a ruling pertaining to the right listed in Article 10, paragraph (1), item (i) of that Act, and excluding a ruling that has lost its effect pursuant to the provisions of Article 18 of that Act; hereinafter referred to in this item as a "ruling"), and who carries out the project referred to in item (ii) of that paragraph that is stated in that written application for a ruling, with the transferred land, etc. being used for that project (excluding that which falls under the category of a transfer listed in items (i) through (iii) or item (v) through the preceding item):

イspecified land with an unknown owner stated in that written application for a ruling (meaning specified land with an unknown owner prescribed in Article 10, paragraph (2), item (v) of the Act on Special Measures for Facilitating the Use of Land With an Unknown Owner; hereinafter the same applies in this item) or a right existing on that specified land with an unknown owner;

ロland other than specified land with an unknown owner, or a right existing on that land, that is stated, as land to be acquired by that business operator, in the plan listed in (c) of the business plan listed in Article 10, paragraph (3), item (i) of the Act on Special Measures for Facilitating the Use of Land With an Unknown Owner that is attached to that written application for a ruling (excluding what is so stated in the case where the project stated in that written application for a ruling falls under a project specified by Cabinet Order as a project that is not found to have a high need to use the land other than specified land with an unknown owner together with the specified land with an unknown owner listed in (a)).

十transfer of land, etc. (excluding that pertaining to a right to an adjacent project site prescribed in Article 55, paragraph (1), item (ii) of the Act on Facilitation of the Regeneration, etc. of Condominiums (hereinafter referred to in this item as a "right to an adjacent project site") and that pertaining to a right to the underlying land of a project prescribed in item (iii) of that paragraph) to the project implementer (meaning the project implementer prescribed in Article 2, paragraph (1), item (x) of that Act; hereinafter the same applies in this item) of a condominium regeneration project (meaning a condominium regeneration project prescribed in Article 2, paragraph (1), item (x) of that Act, limited to one specified by Cabinet Order as contributing to securing a good living environment; hereinafter the same applies in this item) based on a demand under Article 15, paragraph (1) or Article 64, paragraph (1) or paragraph (3) of that Act or an offer under Article 56, paragraph (1) of that Act, or transfer of land, etc. (limited to that pertaining to a right to an adjacent project site) to the project implementer of a condominium regeneration project in which the pre-reconstruction condominium prescribed in Article 2, paragraph (1), item (xi) of that Act or the lost condominium (meaning a condominium prescribed in item (i) of that paragraph; hereinafter the same applies in this item and the following item) that stood on the reconstruction site prescribed in item (xiii) of that paragraph falls under a building specified by Cabinet Order, and the total floor area of the post-regeneration condominium prescribed in item (xiv) of that paragraph is the total floor area of that pre-reconstruction condominium or that lost condominium or more, with the land, etc. pertaining to these transfers being used for those condominium regeneration projects (excluding that which falls under the category of a transfer listed in item (vii) through the preceding item);

十一transfer of land, etc. to a person who implements a condominium, etc. sale project prescribed in Article 4, paragraph (2), item (vi) of the Act on Facilitation of the Regeneration, etc. of Condominiums based on a demand under Article 121, paragraph (1) of that Act (limited to a project for which the certified removal, etc. plan prescribed in Article 107 of that Act or any other plan specified by Order of the Ministry of Finance pertaining to that condominium, etc. sale project contains matters concerning a condominium (limited to one specified by Cabinet Order as having a good living environment) to be newly built on the land after the removal of the condominium or on the site for sale prescribed in Article 2, paragraph (1), item (xxiii) of that Act, matters concerning roads, parks, open spaces and other facilities for public use to be developed on that land, and other matters specified by Order of the Ministry of Finance; hereinafter the same applies in this item), or transfer of land, etc. to a person who implements that condominium, etc. sale project based on the distribution money acquisition plan prescribed in Article 141, paragraph (1) of that Act that has obtained the approval under that paragraph in connection with that condominium, etc. sale project (where approval for a change to that distribution money acquisition plan has been obtained pursuant to the provisions of that paragraph as applied mutatis mutandis pursuant to Article 145 of that Act, the plan after the change), with the land, etc. pertaining to these transfers being used for those condominium, etc. sale projects;

十二transfer of land, etc., which is located in an area specified by Cabinet Order within a city planning area as prescribed in Article 4, paragraph (2) of the City Planning Act, to a person who carries out a project to construct a building whose building area is the area specified by Cabinet Order or more (limited to a project that meets the requirement that the area of the district where the project is to be carried out is 500 square meters or more, as well as any other requirements specified by Cabinet Order), with the transferred land, etc. being used for the project (excluding that which falls under the category of a transfer listed in items (vii) through (x) or the following item through item (xvi));

十三transfer of land, etc. to an individual or a corporation that is to carry out the development of a unit of residential land for use in residential construction (limited to that which meets the following requirements) after obtaining permission under Article 29, paragraph (1) of the City Planning Act (limited to permission pertaining to development activities prescribed in Article 4, paragraph (12) of that Act that are carried out within an area specified by Cabinet Order within a city planning area prescribed in paragraph (2) of that Article; hereinafter referred to in this item as a "development permit") (in the case where there has been a succession to the status based on a development permit prescribed in Article 44 or Article 45 of that Act, such individual is to be the individual who was the transferor in the succession or the individual who has succeeded to the status; the same applies in paragraph (7)) (in the case where there has been a succession to the status based on a development permit prescribed in Article 44 or Article 45 of that Act, such corporation is to be the corporation that was the transferor in the succession or the corporation that has succeeded to the status; the same applies in paragraph (7)), with the transferred land, etc. being used for the unit of residential land (excluding that which falls under the category of a transfer listed in items (vii) through (ix)):

イthat the area of the unit of residential land is 1000 square meters or more (for the area of a unit of residential land within an area where the area that requires a development permit is less than 1000 square meters, the area specified by Cabinet Order or more); and

ロthat the development of the unit of residential land is deemed to be carried out in conformity with the details of the development permit.

十四in cases where permission under Article 29, paragraph (1) of the City Planning Act is not required for development of a unit of residential land, the transfer of land, etc. to an individual or a corporation that is to carry out the development of the unit of residential land for use in residential construction (limited to that which meets the following requirements) (in the case where an heir or universal legatee has succeeded to the project for the development due to the death of the individual who was carrying out the development, and where the heir or universal legatee then carries out the development, such individual is to be the deceased individual who was to carry out the development or the heir or universal legatee; the same applies in paragraph (7)) (in the case where the corporation carrying out the development has extinguished as a result of a merger and a merging corporation that was involved in the merger has succeeded to the project for the development and carries out the development, such corporation is to be the extinguished corporation that was to carry out the development or the merging corporation; and in the case where the corporation carrying out the development has been split off and the successor corporation in the company split that was involved in the company split has succeeded to the project for the development and carries out the development, such corporation is to be the split-off corporation that was to carry out the development or the successor corporation in the company split; the same applies in paragraph (7)), with the transferred land, etc. being used for the unit of residential land (excluding that which falls under the category of a transfer listed in items (vii) through (ix) or a transfer of land, etc. specified by Cabinet Order):

イthat the area of the unit of residential land is 1000 square meters or more (for the area of a unit of residential land within an area specified by Cabinet Order, the area specified by Cabinet Order or more);

ロthat the development is carried out within a city planning area as prescribed in Article 4, paragraph (2) of the City Planning Act; and

ハthat the development of the unit of residential land is carried out by obtaining authorization from the prefectural governor, as specified by Cabinet Order, as a project contributing to supplying good residential land to be used for constructing houses, and is deemed to be carried out in conformity with the details of the authorization.

十五transfer of land, etc. to an individual or a corporation that is to construct a group of houses or mid-to-high-rise fire-proof apartment houses (each limited to that which meets the following requirements) (in the case where an heir or universal legatee has succeeded to the project for the construction due to the death of the individual carrying out the development, and where the heir or universal legatee then carries out the construction, such individual is to be the deceased individual who was to carry out the construction or the heir or universal legatee; the same applies in the following item and paragraph (7)) (in the case where the corporation carrying out the construction has extinguished as a result of a merger and the merging corporation that was involved in the merger has succeeded to the project for the construction and carries out the construction, such corporation is to be the extinguished corporation that was to carry out the construction or the merging corporation; and in the case where the corporation carrying out the construction has been split off and the successor corporation in the company split that was involved in the company split has succeeded to the project for the construction and carries out the construction, such corporation is to be the split-off corporation that was to carry out the construction or the successor corporation in the company split; the same applies in that item and that paragraph), with the transferred land, etc. being used for constructing the group of houses or mid-to-high-rise fire-proof apartment houses (excluding that which falls under the category of a transfer listed in items (vii) through (x) or the preceding two items):

イthat a group of houses satisfy the requirement that the number of houses to be constructed is 25 or more;

ロthat mid-to-high-rise fire-proof housing, satisfies the requirement that independent units to be used as residences (meaning the units equivalent to those of a building as prescribed in Article 2, paragraph (1) of the Act on Unit Ownership, etc. of Building) are 15 or more or that the floor area of the mid-to-high-rise fire-proof housing is 1000 square meters or larger, as well as any other requirements as specified by Cabinet Order;

ハthat these are constructed within a city planning area prescribed in (b) of the preceding item; and

ニthat the construction of the group of houses or mid-to-high-rise fire-proof apartment houses is carried out by obtaining authorization from the prefectural governor, as specified by Cabinet Order, as a project contributing to supplying good houses (for mid-to-high-rise fire-proof apartment houses with a land area of less than 1000 square meters, by obtaining such authorization from the mayor of the municipality).

十六transfer of land, etc. (limited to land, etc. within a district for a land readjustment project as prescribed in Article 2, paragraph (4) of the Land Readjustment Act carried out under the Act, for which provisional substitute land has been designated under Article 98, paragraph (1) of the Act (including the case where the land or the part thereof subject to the right to provisionally use or to receive proceeds therefrom has been designed; hereinafter the same applies in this item)) to an individual or a corporation that constructs a house or mid-to-high-rise fire-proof apartment house (each limited to that which meets the following requirements), which is made not later than December 31 of the year that includes the day on which three years have elapsed from the day on which the designation has become effective (in the case where the day on which the individual or the corporation may start using or receiving proceeds from the right is determined pursuant to the provisions of Article 99, paragraph (2) of the Act, from that day), with the land, etc. designated as provisional substitute land for the transferred land, etc. being used for constructing the house or mid-to-high-rise fire-proof apartment house (excluding that which falls under the category of a transfer listed in items (vii) through (x) or the preceding three items):

イthat the house satisfies the requirements specified by Cabinet Order concerning the floor area of the house to be constructed and the area of the land, etc. to be used for the house;

ロthat a mid-to-high-rise fire-proof apartment house satisfies the requirements specified by Cabinet Order as prescribed in (b) of the preceding item; and

ハthat a house or mid-to-high-rise fire-proof housing is deemed to be in conformity with the Building Standards Act and other housing-related laws and regulations.

一transfer, etc. of land held for a short term: These mean, out of the transfer, etc. of land prescribed in paragraph (2), item (i) of the preceding Article, the transfer of land, etc. that the corporation has continuously owned since the date of its acquisition (limited to land, etc. acquired from another person (including, where the corporation is a foreign corporation, the head office, etc. prescribed in Article 138, paragraph (1), item (i) of the Corporation Tax Act)) whose holding period (the holding period is to be the period from the day following the date of its acquisition to January 1 of the year that includes the date of the transfer of that land, etc.) is five years or less (including land, etc. acquired in the year that includes the date of the transfer of that land, etc.), or any other act specified by Cabinet Order as being equivalent thereto;

二the amount of capital gain: These mean the amount that remains after deducting, from the amount calculated as specified by Cabinet Order as the amount of proceeds from the transfer, etc. of land held for a short term, the amount calculated as specified by Cabinet Order as the amount of cost price for the proceeds and the amount of expenses directly or indirectly required for the transfer, etc. of land held for a short term.

一transfer of land, etc. to the State, a local government, or any other corporation equivalent thereto, which is specified by Cabinet Order (excluding that which falls under the category of a transfer listed in item (x));

二transfer of land, etc. to an Urban Renaissance Agency, a Land Development Public Corporation, or any other corporation equivalent thereto which is specified by Cabinet Order as a corporation aiming to conduct business for the provision of residential land or housing or advance acquisition of land, for which the transferred land, etc. is deemed to be directly necessary for conducting the business (in the case of a transfer of land, etc. to a corporation specified by Cabinet Order where the area of the transferred land, etc. is 1,000 square meters or more, limited to a transfer that meets the requirement listed in item (iv), (a), and, in the case of a transfer of land, etc. to a Land Development Public Corporation, excluding a transfer of land, etc. specified by Cabinet Order);

三transfer of land, etc. as a result of nontaxable exchanges of properties, etc. prescribed in Article 65-2, paragraph (1) (excluding rights conversion prescribed in Article 65, paragraph (1), item (vi) and item (vii)) (in the case of a transfer of land, etc. as a result of those nontaxable exchanges of properties, etc. that are specified by Cabinet Order where the area of the transferred land, etc. is 1,000 square meters or more, limited to a transfer that meets the requirement listed in (a) of the following item, and excluding that which falls under the category of a transfer listed in the preceding two items);

四transfer by a corporation that has obtained the permission referred to in Article 29, paragraph (1) of the City Planning Act (limited to a permission pertaining to a development activity prescribed in Article 4, paragraph (12) of that Act carried out within a city planning area prescribed in paragraph (2) of that Article; hereinafter referred to in this paragraph as a "development permit") (including a corporation that has succeeded to the status based on a development permit) of all or part of a unit of residential land (limited to land with an area of 1,000 square meters or more) developed by that corporation, that meets the following requirements (where the transfer falls under a transfer specified by Cabinet Order, the requirements listed in (a) and (b)):

イthat the amount of consideration for the transfer is the amount specified by Cabinet Order as the appropriate amount of consideration for the transfer or less;

ロthat the development of the residential land pertaining to the transfer conforms to the details of that development permit;

ハthat the transfer has been made by the method of public offering.

五transfer by a corporation of all or part of a unit of residential land (limited to land with an area of 1,000 square meters or more) developed by the corporation in a case where a development permit is not required for the development of that residential land, that meets the following requirements (where the transfer falls under a transfer specified by Cabinet Order, the requirements listed in (a) and in (a) of the preceding item):

イthat the development of the residential land pertaining to the transfer has been carried out with the certification of the prefectural governor, given as specified by Cabinet Order, that it contributes to the provision of good-quality residential land, and that the development conforms to the details of that certification;

ロthat the transfer meets the requirements listed in (a) and (c) of the preceding item.

六transfer by a corporation of all or part of a unit of residential land (limited to land with an area of 1,000 square meters or more) used as the site of a house newly built by the corporation on its own account or a house newly built by a method of contracting specified by Cabinet Order (limited to a house whose new construction has been certified by the prefectural governor, as specified by Cabinet Order, as contributing to the provision of good-quality housing), that meets the requirements listed in item (iv), (a) and (c) (excluding that which falls under the category of a transfer listed in the preceding two items);

七transfer by that corporation of all or part of any of the following units of residential land (limited to land with an area of less than 1,000 square meters), for which the amount of consideration for the transfer is the amount specified by Cabinet Order as the appropriate amount of consideration for the transfer or less:

イa unit of residential land developed by that corporation whose development has been certified by the mayor of the municipality or the head of the special ward (where the development has received a development permit, the person who granted that permit), as specified by Cabinet Order, as contributing to the provision of good-quality residential land;

ロa unit of residential land used as the site of a house newly built by that corporation on its own account or a house newly built by a method of contracting specified by Cabinet Order (limited to a house whose new construction has been certified by the mayor of the municipality or the head of the special ward, as specified by Cabinet Order, as contributing to the provision of good-quality housing) (excluding land that falls under the residential land listed in (a)).

八out of transfers of land, etc. (limited to land, etc. used as the site of a house which is specified by Cabinet Order) made by a corporation that is a real estate broker prescribed in Article 2, item (iii) of the Real Estate Brokerage Act within the period specified by Cabinet Order after the acquisition, those specified by Cabinet Order as being similar to an act of receiving remuneration for acting as an agent or intermediary in the sale of land, etc.;

九transfer of land, etc. made by a corporation that is a specified joint real estate venture operator prescribed in Article 2, paragraph (5) of the Act on Specified Joint Real Estate Ventures (Act No. 77 of 1994) (limited to a transfer of land, etc. acquired from a business participant under a real estate specified joint enterprise contract prescribed in paragraph (3) of that Article, which is specified by Cabinet Order);

十transfer of land, etc. by gift that constitutes a donation pertaining to the donations prescribed in the items of Article 37, paragraph (3) of the Corporation Tax Act.