Article 121-2Special Provisions on Depreciation Methods for Lease Rental Assets
第百二十一条の二（リース賃貸資産の償却の方法の特例）
For lease rental assets (meaning Depreciable Assets that are the subject of a pre-amendment lease transaction prescribed in Article 120, paragraph (1), item (vi) (Depreciation Methods for Depreciable Assets) (excluding foreign lease assets prescribed in that item); the same applies hereinafter in this Article), the former lease period straight-line method (meaning a method of depreciating, as the depreciation allowance for each year, the amount calculated by multiplying the amount calculated by dividing the revised acquisition cost of that lease rental asset by the number of months of the revised lease term by the number of months of that revised lease term in that year) may be selected in place of the depreciation method that has been adopted as prescribed in that paragraph or Article 120-2, paragraph (1) (Depreciation Methods for Depreciable Assets).
リース賃貸資産（第百二十条第一項第六号（減価償却資産の償却の方法）に規定する改正前リース取引の目的とされている減価償却資産（同号に規定する国外リース資産を除く。）をいう。以下この条において同じ。）については、その採用している同項又は第百二十条の二第一項（減価償却資産の償却の方法）に規定する償却の方法に代えて、旧リース期間定額法（当該リース賃貸資産の改定取得価額を改定リース期間の月数で除して計算した金額にその年における当該改定リース期間の月数を乗じて計算した金額を各年分の償却費として償却する方法をいう。）を選定することができる。
A Resident who intends to have the provisions of the preceding paragraph apply must submit to the competent district director with jurisdiction over the place for tax payment, by the Filing Deadline for the income tax for the year in which the Resident intends to adopt the former lease period straight-line method prescribed in the preceding paragraph, a written notice stating the type of asset of the lease rental assets to which the Resident intends to have the preceding paragraph apply, as prescribed in Article 120-3, paragraph (2) (Special Depreciation Methods for Depreciable Assets), and other particulars specified by Ministry of Finance Order.
前項の規定の適用を受けようとする居住者は、同項に規定する旧リース期間定額法を採用しようとする年分の所得税に係る確定申告期限までに、同項の規定の適用を受けようとするリース賃貸資産の第百二十条の三第二項（減価償却資産の特別な償却の方法）に規定する資産の種類その他財務省令で定める事項を記載した届出書を納税地の所轄税務署長に提出しなければならない。
The revised acquisition cost prescribed in paragraph (1) means the amount obtained by deducting the guaranteed residual value (meaning the guaranteed amount specified in the contract pertaining to the pre-amendment lease transaction prescribed in that paragraph for that lease rental asset, in the case where, if the disposal value of that lease rental asset at the end of the period of the lease of that lease rental asset specified in that contract (hereinafter in this paragraph referred to as the "lease term") is less than the guaranteed amount specified in the contract pertaining to that pre-amendment lease transaction, the lessee or other person pertaining to that pre-amendment lease transaction is to pay the amount of the shortfall to the lessor, and zero if no such guaranteed amount is specified) from the acquisition price of the lease rental asset to which paragraph (1) applies as of January 1 of the first year to which that paragraph applies (if that lease rental asset was put into lease use after that day, the day on which it was so put into use) (if there is an amount already included as depreciation allowance in necessary expenses in calculating the amount of real property income, the amount of business income, the amount of timber income, or the amount of miscellaneous income for each year up to the year preceding that year, the amount obtained by deducting that amount), and the revised lease term prescribed in paragraph (1) means, of the lease term of the lease rental asset to which that paragraph applies (if that lease rental asset was transferred from another person (excluding a Depreciable Asset prescribed in Article 126, paragraph (2) (Acquisition Price of Depreciable Assets) that was transferred for a reason set forth in the items of Article 60, paragraph (1) (Acquisition Costs of Assets Acquired as Gifts) of the Act), limited to the period on or after the day of that transfer), the period on or after January 1 of the first year to which paragraph (1) applies (if that lease rental asset was put into lease use on or after that day, that lease term).
第一項に規定する改定取得価額とは、同項の規定の適用を受けるリース賃貸資産の当該適用を受ける最初の年の一月一日（当該リース賃貸資産が同日後に賃貸の用に供したものである場合には、当該賃貸の用に供した日）における取得価額（既に償却費としてその年の前年分以前の各年分の不動産所得の金額、事業所得の金額、山林所得の金額又は雑所得の金額の計算上必要経費に算入された金額がある場合には、当該金額を控除した金額）から残価保証額（当該リース賃貸資産の同項に規定する改正前リース取引に係る契約において定められている当該リース賃貸資産の賃貸借の期間（以下この項において「リース期間」という。）の終了の時に当該リース賃貸資産の処分価額が当該改正前リース取引に係る契約において定められている保証額に満たない場合にその満たない部分の金額を当該改正前リース取引に係る賃借人その他の者がその賃貸人に支払うこととされている場合における当該保証額をいい、当該保証額の定めがない場合には零とする。）を控除した金額をいい、第一項に規定する改定リース期間とは、同項の規定の適用を受けるリース賃貸資産のリース期間（当該リース賃貸資産が他の者から移転を受けたもの（法第六十条第一項各号（贈与等により取得した資産の取得費等）に掲げる事由により移転を受けた第百二十六条第二項（減価償却資産の取得価額）に規定する減価償却資産を除く。）である場合には、当該移転の日以後の期間に限る。）のうち第一項の規定の適用を受ける最初の年の一月一日以後の期間（当該リース賃貸資産が同日以後に賃貸の用に供したものである場合には、当該リース期間）をいう。
The number of months referred to in paragraph (1) is calculated in accordance with the calendar, and any fraction of less than one month is counted as one month.
第一項の月数は、暦に従つて計算し、一月に満たない端数を生じたときは、これを一月とする。
Read this with the articles around it
depreciation allowancemachine translation
「償却費」
The depreciation of a depreciable asset worked out under Article 49, paragraph (1) of the Income Tax Act.
Defined inArticle 120, paragraph (1)· applies only in this subsection
foreign lease assetmachine translation
「国外リース資産」
In Article 120, paragraphs (1) and (2), a depreciable asset leased to a nonresident or foreign corporation under a lease transaction as defined in Article 184-2, paragraph (1) of the Order for Enforcement of the Income Tax Act as it stood before Cabinet Order No. 82 of 2007 — other than one used only for their business in Japan — which is depreciated by the old foreign lease period straight-line method.
Defined inArticle 120, paragraph (1), item (vi)· applies only in this paragraph and in Article 120, paragraph (2)
lease rental assetmachine translation
「リース賃貸資産」
A depreciable asset leased out under a pre-amendment lease transaction (改正前リース取引, a lease transaction as Article 184-2, paragraph (1) of the Order for Enforcement of the Income Tax Act defined it before Cabinet Order No. 82 of 2007), other than a foreign leased asset (国外リース資産) leased to a nonresident or foreign corporation; for it the owner may choose the old lease period straight-line method of depreciation.
Defined inArticle 121-2, paragraph (1)· applies only in this article
lease termmachine translation
「リース期間」
The period for which an asset is leased, as set in the contract for the lease transaction.
Short name set inArticle 121-2, paragraph (3)· applies only in this paragraph
district director
税務署長
The head of a tax office (税務署), the local office of the National Tax Agency that deals with taxpayers in its district (Act for Establishment of the Ministry of Finance, Article 24). It is the office a person usually deals with: an income tax return is filed with a district director (Income Tax Act, Article 120, paragraph (1)), and reassessments, determinations and the collection of national tax are done by the district director for the taxpayer's current place for tax payment (Act on General Rules for National Taxes, Articles 30 and 43). A person who objects to what a district director has decided can ask that director to look at it again (再調査の請求) or go straight to the National Tax Tribunal (Article 75, paragraph (1), item (i)) — unless the notice of the decision says officials of a Regional Taxation Bureau or of the National Tax Agency investigated, in which case it counts as the regional commissioner's decision, with the same choice, or as the Commissioner of the National Tax Agency's, which can only be challenged by a request for review to the Commissioner (Article 75, paragraph (2)).
Written by AI using Act for Establishment of the Ministry of Finance, Art. 24, Act on General Rules for National Taxes, Arts. 30, 43, 75 and Income Tax Act, Art. 120 as a reference.
lease
賃貸借
A contract in which one party, the lessor (賃貸人), agrees to let the other use a thing and take what it yields, and the other party, the lessee (賃借人), agrees to pay rent for it and to return it when the contract ends (Civil Code, Article 601). It ends when the thing can no longer be used at all, for example because it has been destroyed (Article 616-2), and where a lease is cancelled the cancellation takes effect only from then on (Article 620). For land held in order to own a building, and for buildings, the Act on Land and Building Leases sets special rules (特別の定め) on how long a lease lasts, how it is renewed and what effect it has, among other things (Article 1).
Written by AI using Civil Code, Arts. 601, 616-2, 620 and Act on Land and Building Leases, Art. 1 as a reference.
lessee
賃借人
The party to a lease (賃貸借) who uses a thing, such as land or a building, pays rent for it and must return it when the contract ends; in everyday words, the tenant (Civil Code, Article 601). The lessee needs the lessor's (賃貸人) consent to transfer the lease or to sublet the thing (Article 612, paragraph (1)).
Written by AI using Civil Code, Arts. 601, 612 as a reference.
lessor
賃貸人
The party to a lease (賃貸借) who lets the other party use a thing, such as land or a building, in return for rent; in everyday words, the landlord (Civil Code, Article 601). The lessee (賃借人) may not transfer the lease, or sublet the thing, without the lessor's consent, and where the lessee lets a third party use it without that consent, the lessor may cancel the contract (Article 612).
Written by AI using Civil Code, Arts. 601, 612 as a reference.