①The provisions of Article 62-3 of the New Act apply to the amount of capital gain prescribed in Article 62-3, paragraph (1) of the New Act (including the amount included in gross profit prescribed in paragraph (9) of that Article that pertains to that transfer, etc. of land; hereinafter referred to as the "amount of capital gain on land under the New Act" in this paragraph) pertaining to a transfer, etc. of land prescribed in paragraph (1) of that Article (excluding one to which the provisions of Article 63, paragraph (1) or Article 63-2, paragraph (1) of the New Act apply) that a corporation makes on or after January 1, 1996, and with regard to the amount of capital gain prescribed in Article 62-3, paragraph (1) of the Former Act (including the amount included in gross profit prescribed in paragraph (9) of that Article that pertains to that transfer, etc. of land; hereinafter referred to as the "amount of capital gain on land under the Former Act" in this paragraph) pertaining to a transfer, etc. of land prescribed in Article 62-3, paragraph (1) of the Former Act (excluding one to which the provisions of Article 63, paragraph (1) or Article 63-2, paragraph (1) of the Former Act apply) that a corporation made before that date, the provisions then in force continue to govern. In this case, if the total of the amount of capital gain on land under the New Act and the amount of capital gain on land under the Former Act for each business year in which there are both an amount of capital gain on land under the New Act and an amount of capital gain on land under the Former Act (hereinafter referred to as the "total amount of capital gain on land under the new and former Acts" in this paragraph) falls under the cases prescribed in the following items, the provisions of those items apply:

②The provisions of Article 63 of the New Act apply to the amount of capital gain prescribed in Article 63, paragraph (1) of the New Act (including the amount included in gross profit prescribed in Article 62-3, paragraph (9) of the New Act as applied mutatis mutandis pursuant to paragraph (4) of that Article that pertains to that transfer, etc. of land held for a short period; hereinafter referred to as the "amount of capital gain on land held for a short period under the New Act" in this paragraph) pertaining to a transfer, etc. of land held for a short period prescribed in paragraph (1) of that Article (excluding one to which the provisions of Article 63-2, paragraph (1) of the New Act apply) that a corporation makes on or after January 1, 1996, and with regard to the amount of capital gain prescribed in Article 63, paragraph (1) of the Former Act (including the amount included in gross profit prescribed in Article 62-3, paragraph (9) of the Former Act as applied mutatis mutandis pursuant to paragraph (4) of that Article that pertains to that transfer, etc. of land held for a short period; hereinafter referred to as the "amount of capital gain on land held for a short period under the Former Act" in this paragraph) pertaining to a transfer, etc. of land held for a short period prescribed in Article 63, paragraph (1) of the Former Act (excluding one to which the provisions of Article 63-2, paragraph (1) of the Former Act apply) that a corporation made before that date, the provisions then in force continue to govern. In this case, if the total of the amount of capital gain on land held for a short period under the New Act and the amount of capital gain on land held for a short period under the Former Act for each business year in which there are both an amount of capital gain on land held for a short period under the New Act and an amount of capital gain on land held for a short period under the Former Act (hereinafter referred to as the "total amount of capital gain on land held for a short period under the new and former Acts" in this paragraph) falls under the cases prescribed in the following items, the provisions of those items apply:

③The provisions of Article 63-2 of the New Act apply to the amount of capital gain prescribed in paragraph (1) of that Article (including the amount included in gross profit prescribed in Article 62-3, paragraph (9) of the New Act as applied mutatis mutandis pursuant to paragraph (4) of that Article that pertains to that transfer, etc. of land held for a super-short period; hereinafter referred to as the "amount of capital gain on land held for a super-short period under the New Act" in this paragraph) pertaining to a transfer, etc. of land held for a super-short period prescribed in that paragraph that a corporation makes on or after January 1, 1996, and with regard to the amount of capital gain prescribed in Article 63-2, paragraph (1) of the Former Act (including the amount included in gross profit prescribed in Article 62-3, paragraph (9) of the Former Act as applied mutatis mutandis pursuant to paragraph (4) of that Article that pertains to that transfer, etc. of land held for a super-short period; hereinafter referred to as the "amount of capital gain on land held for a super-short period under the Former Act" in this paragraph) pertaining to a transfer, etc. of land held for a super-short period prescribed in that paragraph that a corporation made before that date, and the amount equivalent to the exceeding amount prescribed in Article 63-2, paragraph (5) of the Former Act pertaining to the amount of capital gain on land held for a super-short period under the Former Act, the provisions then in force continue to govern. In this case, if the total of the amount of capital gain on land held for a super-short period under the New Act and the amount of capital gain on land held for a super-short period under the Former Act for each business year in which there are both an amount of capital gain on land held for a super-short period under the New Act and an amount of capital gain on land held for a super-short period under the Former Act (hereinafter referred to as the "total amount of capital gain on land held for a super-short period under the new and former Acts" in this paragraph) falls under the cases prescribed in the following items, the provisions of those items apply: