Supplementary Provisions, Article 34Transitional Measures Concerning the Definition of Jointly Operated Trust, etc.
第三十四条（合同運用信託の定義等に関する経過措置）
The provisions of the Corporation Tax Act as amended by the provisions of Article 2 (limited to the amending provisions set forth in Article 1, item (vii), (b) of the Supplementary Provisions) apply to a trust that takes effect on or after the Effective Date of the Trust Act (for a trust created by will, limited to one for which the will was made on or after the Effective Date of the Trust Act, and including a new-law trust), and with regard to a trust that took effect before the Effective Date of the Trust Act (for a trust created by will, including one for which the will was made before the Effective Date of the Trust Act, and excluding a new-law trust and a trust that has received the authorization for transition prescribed in Article 4, paragraph (1) of the Supplementary Provisions of the Act on Public Interest Trusts (Act No. 30 of 2024)), the provisions then in force continue to govern.
第二条の規定（附則第一条第七号ロに掲げる改正規定に限る。）による改正後の法人税法の規定は、信託法施行日以後に効力が生ずる信託（遺言によってされた信託にあっては信託法施行日以後に遺言がされたものに限り、新法信託を含む。）について適用し、信託法施行日前に効力が生じた信託（遺言によってされた信託にあっては信託法施行日前に遺言がされたものを含み、新法信託及び公益信託に関する法律（令和六年法律第三十号）附則第四条第一項に規定する移行認可を受けたものを除く。）については、なお従前の例による。
In the case where a trust that took effect before the Effective Date of the Trust Act (for a trust created by will, including one for which the will was made before the Effective Date of the Trust Act, and excluding a trust prescribed in the proviso to Article 12, paragraph (1) of the Corporation Tax Act prior to the amendment by the provisions of Article 2 (hereinafter referred to as the "Former Corporation Tax Act" up to Article 48 of the Supplementary Provisions); hereinafter referred to as an "old trust" in this paragraph) comes to fall under the category of a trust subject to corporate taxation on or after the Effective Date of the Trust Act, the provisions of Article 4-7, item (ix) of the Corporation Tax Act as amended by the provisions of Article 2 apply by deeming the old trust to be a trust for which a beneficiary, etc. prescribed in that item is deemed to hold the assets and liabilities included in its trust property.