Supplementary Provisions, Article 2Transitional Measures Concerning Trusts

The provisions of the Order for Enforcement of the Consumption Tax Act as amended by this Cabinet Order (limited to the amending provisions set out in Article 1, item (iii) of the Supplementary Provisions) apply to trusts that take effect on or after the date specified in that item (hereinafter referred to as the "Effective Date of the Trust Act" in this Article) (limited, for a trust created by a will, to those for which the will was made on or after the Effective Date of the Trust Act, and including trusts that have become new-law trusts prescribed in Article 3, paragraph (1) of the Act on Arrangement of Relevant Acts Incidental to Enforcement of the Trust Act (Act No. 109 of 2006) pursuant to the provisions of Article 3, paragraph (1), Article 6, paragraph (1), Article 11, paragraph (2), Article 15, paragraph (2), Article 26, paragraph (1), Article 30, paragraph (2) or Article 56, paragraph (2) (Application of the New Act, etc.) of that Act (hereinafter referred to as "new-law trusts" in this Article)), and the provisions then in force continue to govern trusts that took effect before the Effective Date of the Trust Act (including, for a trust created by a will, those for which the will was made before the Effective Date of the Trust Act, and excluding new-law trusts).