①The provisions of Articles 68-78 through 68-80 of the New Act on Special Measures Concerning Taxation (limited to the parts concerning items (ii), (v), and (vi) of the table in Article 68-78, paragraph (1) of the New Act on Special Measures Concerning Taxation) apply to assets in the case where a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation transfers, on or after the Effective Date, assets listed in the left-hand column of item (ii), (v), or (vi) of that table and acquires (including construction and manufacture; the same applies hereinafter in this Article), on or after the Effective Date, assets listed in the right-hand column of those items, and to the special account or the special account during the year under Article 68-79, paragraph (1) or (3) of the New Act on Special Measures Concerning Taxation pertaining to those assets, and, except where the provisions of paragraph (3) apply, the provisions then in force continue to govern assets listed in the right-hand column of item (ii), (vi), or (vii) of the table in Article 68-78, paragraph (1) of the Former Act on Special Measures Concerning Taxation that were acquired before the Effective Date, or are acquired on or after the Effective Date, in the case where a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation transferred, before the Effective Date, assets listed in the left-hand column of those items, and the special account or the special account during the year under Article 68-79, paragraph (1) or (3) of the Former Act on Special Measures Concerning Taxation pertaining to those assets, and assets listed in the right-hand column of those items that were acquired before the Effective Date in the case where a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation transfers, on or after the Effective Date, assets listed in the left-hand column of those items.

②The provisions then in force continue to govern assets listed in the right-hand column of item (iv) of the table in Article 68-78, paragraph (1) of the Former Act on Special Measures Concerning Taxation that were acquired before the Effective Date, or assets listed in that column that are acquired on or after the Effective Date, in the case where a consolidated parent corporation or a consolidated subsidiary corporation having a consolidated full controlling interest with that consolidated parent corporation transferred, before the Effective Date, assets listed in the left-hand column of that item, and the special account or the special account during the year under Article 68-79, paragraph (1) or (3) of the Former Act on Special Measures Concerning Taxation pertaining to those assets.

③With regard to assets listed in the right-hand column of item (vii) of the table in Article 68-78, 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 acquires during the period from the Effective Date to September 30, 2022 (limited to vehicles and transport equipment used for railway business in Japan prescribed in that column that are specified by Cabinet Order and that the consolidated parent corporation or its consolidated subsidiary corporation acquires based on a contract concluded before the Effective Date), the provisions of Article 68-78 through Article 68-80 of the Act on Special Measures Concerning Taxation (excluding Article 68-78, paragraph (14) of that Act (including as applied mutatis mutandis pursuant to Article 68-79, paragraph (19) of that Act)) apply by deeming those assets to be assets listed in the right-hand column of item (iv) of the table in Article 68-78, paragraph (1) of the Act on Special Measures Concerning Taxation.