①The provisions of Article 70-4 of the New Act apply to gift tax on gifts of farmland and pasture land, and quasi-farmland, prescribed in paragraph (1) of that Article that fall under the provisions of that Article and that are made on or after January 1, 1975 (excluding gifts that take effect upon the death of the donor; the same applies in the following paragraph).

②With regard to gift tax on gifts of farmland, etc. prescribed in Article 70-4, paragraph (1) of the Former Act that were made on or before December 31, 1974 and to which the provisions of that Article were applied, the provisions of that Article remain in force. In this case, with regard to the application of the provisions of Article 70-4 of the Former Act to that gift tax (excluding gift tax subject to the application of the provisions of the main clause of paragraph (1) of that Article in the case where the donor prescribed in the main clause of that paragraph in relation to that gift tax died on or before that date, gift tax subject to the application of the proviso to that paragraph or of paragraph (6) of that Article in the case where those provisions were applied before the Effective Date, and gift tax pertaining to an acceleration of the due date for payment under the provisions of paragraph (7) of that Article or a demand for payment under the provisions of Article 38, paragraph (1) of the Act on General Rules for National Taxes (Act No. 66 of 1962) in the case where that acceleration or demand was made before the Effective Date), the phrase "), in the case where there has been (transfer, creation or extinguishment under Articles 33 through 33-3" in paragraph (1), item (i) of that Article is deemed to be replaced with "), in the case where there has been (transfer by expropriation or exchange, etc. prescribed in Article 33-4, paragraph (1) or other transfer or creation specified by Cabinet Order", the phrase "in the case where there has been (excluding the case where there has been a transfer, creation or extinguishment under Articles 33 through 33-3), its" with "(excluding transfer by expropriation or exchange, etc. prescribed in Article 33-4, paragraph (1) or other transfer or creation specified by Cabinet Order) in the case where there has been, that", the phrase "including the area" with "the area obtained by adding the area", and the phrase "the area of land provided for" with "the area of land provided for (if there has been a transfer, etc. of that farmland, etc. before that time, the area obtained by adding the area of the land pertaining to that transfer, etc.)"; the word "donor" in paragraph (9) of that Article is deemed to be replaced with "when the donor has died or the donor", and the phrase "of that death" with "on which the donor died or on which the donee died"; and the provisions of paragraphs (10) and (11) of that Article do not apply.

③The provisions of Article 70-4, paragraph (15) of the New Act apply mutatis mutandis in the case where the Minister of Agriculture and Forestry, or a prefectural governor, the mayor of a municipality or an agricultural committee, has come to know, through an act prescribed in Article 70-4, paragraph (15) of the New Act that it performed on or after the Effective Date, that a fact prescribed in that paragraph has occurred with regard to farmland, etc. prescribed in Article 70-4, paragraph (1) of the Former Act pertaining to gift tax to which the provisions of paragraph (1) of that Article, which remain in force pursuant to the provisions of the preceding paragraph, apply and to which the provisions of the second sentence of the preceding paragraph apply.

④The provisions of Article 70-5 of the New Act apply to inheritance tax on an inheritance or bequest (including a gift that takes effect upon the death of the donor; the same applies hereinafter in this Article) resulting from the death of a donor in the case where, on or after January 1, 1975, the donor of farmland, etc. prescribed in Article 70-4, paragraph (1) of the New Act pertaining to gift tax to which the provisions of that paragraph apply has died, or where, on or after that date, the donor of farmland, etc. prescribed in Article 70-4, paragraph (1) of the Former Act, which remains in force pursuant to the provisions of paragraph (2), pertaining to gift tax to which the provisions of that paragraph apply (hereinafter referred to as the "donor of farmland, etc. under the Former Act" up to the following paragraph) has died, and with regard to inheritance tax on an inheritance or bequest resulting from the death of a donor of farmland, etc. under the Former Act in the case where that donor died before that date, the provisions then in force continue to govern.

⑤The necessary technical replacement of terms in applying the provisions of Article 70-5 of the New Act to inheritance tax on an inheritance or bequest resulting from the death of a donor of farmland, etc. under the former Act in the case where that donor has died on or after January 1, 1975 is specified by Cabinet Order.

⑥The provisions of Article 70-6 of the New Act apply to inheritance tax on an inheritance or bequest in the case where the property acquired, as prescribed in paragraph (1) of that Article, through an inheritance or bequest on or after January 1, 1975 includes farmland, pasture land or quasi-farmland prescribed in that paragraph.

⑦The provisions of Article 70-7 of the New Act apply to inheritance tax on standing timber prescribed in paragraph (1) of that Article acquired through an inheritance or bequest on or after January 1, 1975, and with regard to inheritance tax on standing timber prescribed in Article 70-6, paragraph (1) of the Former Act acquired through an inheritance or bequest before that date, the provisions then in force continue to govern.