①The provisions of Article 69 of the New Act on Special Measures Concerning Taxation apply to inheritance tax or gift tax on property acquired by inheritance or bequest (including a gift that takes effect upon the death of the donor; the same applies hereinafter in this paragraph) or by gift (excluding a gift that takes effect upon the death of the donor; the same applies hereinafter in this paragraph) on or after the Effective Date, and the provisions then in force continue to govern inheritance tax or gift tax on property acquired by inheritance or bequest or by gift before the Effective Date.

②The provisions of Article 70-4 of the New Act on Special Measures Concerning Taxation apply to gift tax pertaining to farmland, etc. subject to the special lease provision prescribed in paragraph (7) of that Article in the case where, on or after the Effective Date, a right of lease, etc. prescribed in that paragraph is created with respect to farmland or pasture land to which the provisions of paragraph (1) of that Article apply.

③The following persons are deemed to be donees prescribed in Article 70-4, paragraph (1) of the New Act on Special Measures Concerning Taxation, and the provisions of paragraphs (7) through (12) of that Article and Article 70-6, paragraph (18) of the New Act on Special Measures Concerning Taxation apply to them. In this case, necessary matters concerning the application of those provisions with respect to those donees are specified by Cabinet Order.

④The provisions of Article 70-6 of the New Act on Special Measures Concerning Taxation apply to inheritance tax pertaining to farmland, etc. subject to the special lease provision prescribed in paragraph (10) of that Article in the case where, on or after the Effective Date, a right of lease, etc. prescribed in that paragraph is created with respect to farmland or pasture land to which the provisions of paragraph (1) of that Article apply.

⑤The following persons are deemed to be farming heirs prescribed in Article 70-6, paragraph (1) of the New Act on Special Measures Concerning Taxation, and the provisions of paragraphs (10) through (16) of that Article apply to them. In this case, necessary matters concerning the application of those provisions with respect to those farming heirs are specified by Cabinet Order.

⑥The provisions of Article 70-8, paragraph (3), Article 70-9, paragraph (1), Article 70-10, paragraph (2), Article 70-11 and Article 93, paragraph (2) of the New Act on Special Measures Concerning Taxation apply to the portion of interest tax prescribed in those provisions corresponding to the period on or after the Effective Date, and the provisions then in force continue to govern the portion of that interest tax corresponding to the period before the Effective Date. In this case, with regard to the application of the provisions of Article 70-11 of the New Act on Special Measures Concerning Taxation where, for a person who was receiving the application of the provisions of Article 70-9, paragraph (1) of the Former Act on Special Measures Concerning Taxation before the Effective Date, the proportion of the value of real property, etc. prescribed in Article 70-10, paragraph (1) of the Former Act on Special Measures Concerning Taxation in the value of taxable inherited property prescribed in Article 70-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation is five-tenths or more, the phrase ", Article 70-9, paragraph (1) or" in that Article is deemed to be replaced with "or".

⑦With regard to the portion of interest tax corresponding to the period on or after the Effective Date that pertains to an amount of inheritance tax for which the district director granted permission for payment in installments pursuant to the provisions of Article 38, paragraph (1) or Article 43, paragraph (5) of the Inheritance Tax Act (Act No. 73 of 1950) before the Effective Date (limited to an amount to which the provisions of Article 18, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 10 of 1993; hereinafter referred to as the "1993 Amendment Act" in this paragraph), Article 19, paragraph (18) of the Supplementary Provisions of the Act Partially Amending the Act on Special Measures Concerning Taxation (Act No. 16 of 1991; hereinafter referred to as the "1991 Amendment Act" in this paragraph) or Article 76, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 109 of 1988; hereinafter referred to as the "1988 Amendment Act" in this paragraph) apply), the district director is to calculate it in accordance with the provisions of Article 70-8, paragraph (3), Article 70-9, paragraph (1), Article 70-10, paragraph (2) and Article 93, paragraph (2) of the New Act on Special Measures Concerning Taxation, notwithstanding the provisions of Article 18, paragraph (2) of the Supplementary Provisions of the 1993 Amendment Act, Article 19, paragraph (18) of the Supplementary Provisions of the 1991 Amendment Act and Article 76, paragraph (3) of the Supplementary Provisions of the 1988 Amendment Act.