The provisions of Article 62-2, paragraph (3), item (ii), (e) of the New Act apply to land, etc. listed in item (ii), (e) of that paragraph that a corporation acquires on or after the date on which the Act Partially Amending the Act on Emergency Measures for the Promotion of Superior Residential Land Development in Metropolitan Areas comes into effect, and with regard to land, etc. listed in Article 62-2, paragraph (3), item (ii), (e) of the Former Act that a corporation acquired before that date, the provisions then in force continue to govern.

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:

①The provisions of Article 65-3, paragraph (2) of the New Act apply to corporation tax on a transfer of land, etc. prescribed in paragraph (1) of that Article that a corporation makes on or after January 1, 1997.

②The provisions of Article 65-4, paragraph (1), item (vii) of the New Act apply to corporation tax on a transfer of land, etc. prescribed in that paragraph that a corporation makes on or after the date on which the Act Partially Amending the Act on Improvement of Areas Along Trunk Roads, etc. comes into effect.

③The provisions of Article 65-4, paragraph (2) of the New Act apply to corporation tax on a transfer of land, etc. prescribed in paragraph (1) of that Article that a corporation makes on or after January 1, 1997, and with regard to corporation tax on a transfer of land, etc. prescribed in Article 65-4, paragraph (1) of the Former Act that a corporation made before that date, the provisions then in force continue to govern.

④With regard to the application of the provisions of Article 65-7, paragraph (1), Article 65-8, paragraph (1) and Article 65-9 of the New Act during the period from the Effective Date to the day before the date specified in Article 1, item (vi) of the Supplementary Provisions, the phrase "item (xxi) of that table" in those provisions is deemed to be replaced with "item (xx) of that table".

⑤The provisions of Article 65-7 of the New Act (limited to the part relating to item (xviii) of the table in paragraph (1) of that Article) and Article 65-8 of the New Act (limited to the part relating to that item) apply to the assets listed in the right-hand column of that item and the special account referred to in paragraph (1) of that Article pertaining to those assets in the case where a corporation transfers the assets listed in the left-hand column of that item on or after the date on which the Act Partially Amending the Act on Improvement of Areas Along Trunk Roads, etc. comes into effect and acquires the assets listed in the right-hand column of that item on or after that date.

⑥The provisions of Article 65-7 of the New Act (limited to the part relating to item (xx) of the table in paragraph (1) of that Article) and Article 65-8 of the New Act (limited to the part relating to that item) apply to the assets listed in the right-hand column of that item that, in the case where a corporation transfers the assets listed in the left-hand column of that item on or after the Effective Date, the corporation acquired (including construction and manufacture; the same applies hereinafter in this Article) before the Effective Date or acquires on or after the Effective Date, and to the special account referred to in paragraph (1) of that Article pertaining to those assets, and with regard to the assets listed in the right-hand column of item (xix) of the table in Article 65-7, paragraph (1) of the Former Act that, in the case where a corporation transferred the assets listed in the left-hand column of that item before the Effective Date, the corporation acquired before the Effective Date or acquires on or after the Effective Date, and the special account referred to in Article 65-8, paragraph (1) of the Former Act pertaining to those assets, the provisions then in force continue to govern.

⑦The provisions of Article 65-7 of the New Act (limited to the part relating to item (xxi) of the table in paragraph (1) of that Article) and Article 65-8 of the New Act (limited to the part relating to that item) apply to the assets listed in the right-hand column of that item and the special account referred to in paragraph (1) of that Article pertaining to those assets in the case where a corporation transfers the assets listed in the left-hand column of that item on or after the Effective Date and acquires the assets listed in the right-hand column of that item on or after the Effective Date, and with regard to the assets listed in the right-hand column of item (xx) of the table in Article 65-7, paragraph (1) of the Former Act that, in the case where a corporation transferred the assets listed in the left-hand column of that item before the Effective Date, the corporation acquired before the Effective Date or acquires on or after the Effective Date, and the special account referred to in Article 65-8, paragraph (1) of the Former Act pertaining to those assets, and the assets listed in the right-hand column of that item that, in the case where a corporation transfers the assets listed in the left-hand column of that item on or after the Effective Date, the corporation acquired before the Effective Date, the provisions then in force continue to govern.

⑧With regard to the application of the provisions of the preceding two paragraphs during the period from the Effective Date to the day before the date specified in Article 1, item (vi) of the Supplementary Provisions, the phrase "item (xx)" in paragraph (6) is deemed to be replaced with "item (xix)", and the phrase "item (xxi)" in the preceding paragraph is deemed to be replaced with "item (xx)".

①The provisions of Article 66-13, paragraph (1) of the New Act apply to the amount of special loss prescribed in that paragraph for business years of a corporation beginning on or after the Effective Date, and with regard to the amount of special loss prescribed in Article 66-13, paragraph (1) of the Former Act for business years of a corporation that began before the Effective Date, the provisions then in force continue to govern.

②The provisions of Article 66-13, paragraph (2), item (iii) and paragraph (3), item (iii) of the New Act apply to the amount of special loss prescribed in paragraph (2) of that Article for business years of a corporation beginning on or after the Effective Date.

The provisions of Article 68-6 of the New Act apply to statements of receipts and disbursements for business years of public interest corporations, etc. prescribed in that Article beginning on or after January 1, 1997.