Supplementary Provisions, Article 118Transitional Measures Concerning Special Provisions on Taxation Where a Consolidated Corporation Has Acquired Agricultural Land, etc.
第百十八条（連結法人が農用地等を取得した場合の課税の特例に関する経過措置）
The provisions of Article 68-65 of the New Act on Special Measures Concerning Taxation apply to agricultural land, etc. prescribed in paragraph (1) of that Article that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation receives a transfer of through a distribution in kind carried out on or after the Effective Date, and the provisions then in force continue to govern agricultural land, etc. prescribed in Article 68-65, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation received a transfer of through a distribution in kind carried out before the Effective Date.
新租税特別措置法第六十八条の六十五の規定は、連結親法人又は当該連結親法人による連結完全支配関係にある連結子法人が施行日以後に行われる現物分配により移転を受ける同条第一項に規定する農用地等について適用し、連結親法人又は当該連結親法人による連結完全支配関係にある連結子法人が施行日前に行われた現物分配により移転を受けた旧租税特別措置法第六十八条の六十五第一項に規定する農用地等については、なお従前の例による。