①The provisions of Article 70-4, paragraphs (3), (4) and (19) of the New Act apply to gift tax on farmland, etc. in the case where, on or after the Effective Date, a right based on a loan for use prescribed in paragraph (3) of that Article is created on the farmland, etc. referred to in paragraph (1) of that Article to which the provisions of the main clause of that paragraph apply, and with regard to gift tax on farmland, etc. in the case where, before the Effective Date, a right based on a loan for use prescribed in item (i) of Article 70-4, paragraph (1) of the Former Act was created on the farmland, etc. referred to in that paragraph to which the provisions of the main clause of that paragraph applied, the provisions then in force continue to govern.

②The provisions of Article 70-6, paragraph (8) of the New Act apply to inheritance tax on inheritance or bequest relating to a farming heir referred to in Article 70-6, paragraph (1) of the New Act who, on or after the Effective Date, has acquired farmland, pasture land or quasi-farmland prescribed in paragraph (1) of that Article (referred to as "farmland, etc." in this paragraph) that is deemed to have been acquired by inheritance or bequest pursuant to the provisions of Article 70-5, paragraph (1) of the New Act, and with regard to inheritance tax on inheritance or bequest relating to a farming heir referred to in Article 70-6, paragraph (1) of the Former Act who, before the Effective Date, acquired such farmland, etc. that was deemed to have been acquired by inheritance or bequest pursuant to the provisions of Article 70-5, paragraph (1) of the Former Act, the provisions then in force continue to govern.