# 租税特別措置法 / Act on Special Measures Concerning Taxation — 第三十七条の十五 (Article 37-15)

- Law: 租税特別措置法 (Act on Special Measures Concerning Taxation), 昭和三十二年法律第二十六号
- English title "Act on Special Measures Concerning Taxation": Ministry of Justice translation
- Kind: Act — the distinction between 法律 (Act), 政令 (Cabinet Order), 省令 (Ministerial Order) and 条例 (local ordinance) decides who may issue it and what it may say.
- Provision: 第三十七条の十五 (Article 37-15)（貸付信託の受益権等の譲渡による所得の課税の特例） — address `art-37-15`
- Text in force since: 2026-10-01
- URL (the page that opens at this provision): https://japanlaw.org/ja/special-taxation-measures-act/art-37-15
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/332AC0000000026/art-37-15
- Every provision below carries its address and both URLs on the line under it.
- Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below.

Only the Japanese as published by the government has legal effect; the text
below is a copy of it. Every English rendering below is a translation and
says which kind: the Ministry of Justice's translation, or this
site's machine translation, whose model and date the Sources list names.
They are never merged and never substituted for one another.

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### 第三十七条の十五（貸付信託の受益権等の譲渡による所得の課税の特例） — Special Provisions on Taxation on Income from the Transfer of Beneficial Interest in a Loan Trust, etc.
<sup>caption: machine translation, not official</sup>
<sup>art-37-15 · https://japanlaw.org/ja/special-taxation-measures-act/art-37-15 · https://japanlaw.org/l/332AC0000000026/art-37-15</sup>

    **第一項**  第四十一条の十二第七項に規定する償還差益につき同条第一項の規定の適用を受ける同条第七項に規定する割引債、預金保険法第二条第二項第五号に規定する長期信用銀行債等、貸付信託の受益権その他政令で定めるもの（次項において「貸付信託の受益権等」という。）の譲渡による所得については、所得税を課さない。
    <sup>art-37-15/par-1 · https://japanlaw.org/ja/special-taxation-measures-act/art-37-15/par-1 · https://japanlaw.org/l/332AC0000000026/art-37-15/par-1</sup>
    No income tax is imposed on income from the transfer of discount bonds prescribed in Article 41-12, paragraph (7) to which the provisions of paragraph (1) of that Article apply with regard to the profit from redemption prescribed in paragraph (7) of that Article, long-term credit bank bonds, etc. prescribed in Article 2, paragraph (2), item (v) of the Deposit Insurance Act, beneficial interest in a loan trust, and other items specified by Cabinet Order (referred to as "beneficial interest in a loan trust, etc." in the following paragraph).
    <sup>machine translation, not official</sup>

    **第二項**  貸付信託の受益権等の譲渡による収入金額が当該貸付信託の受益権等の所得税法第三十三条第三項に規定する取得費及びその譲渡に要した費用の額の合計額又はその譲渡に係る必要経費に満たない場合におけるその不足額については、同法の規定の適用については、ないものとみなす。
    <sup>art-37-15/par-2 · https://japanlaw.org/ja/special-taxation-measures-act/art-37-15/par-2 · https://japanlaw.org/l/332AC0000000026/art-37-15/par-2</sup>
    Where the revenue from the transfer of beneficial interest in a loan trust, etc. is less than the sum of the acquisition cost of the beneficial interest in a loan trust, etc. and the expenses required for the transfer thereof as prescribed in Article 33, paragraph (3) of the Income Tax Act, or is less than the necessary expenses for the transfer thereof, the amount of the shortfall is deemed not to exist for the purpose of applying the provisions of that Act.
    <sup>machine translation, not official</sup>

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## Cites
- art-37-15/par-1: 預金保険法第二条第二項第五号 → e-Gov law 346AC0000000034, 第二条第二項第五号 (Article 2, paragraph (2), item (v)), art-2/par-2/item-5 — not held in this collection
- art-37-15/par-1: 同条第一項 → 租税特別措置法 第四十一条の十二第一項 (Article 41-12, paragraph (1)), art-41-12/par-1 — https://japanlaw.org/ja/special-taxation-measures-act/art-41-12/par-1 · https://japanlaw.org/l/332AC0000000026/art-41-12/par-1
- art-37-15/par-1: 第四十一条の十二第七項 → 租税特別措置法 第四十一条の十二第七項 (Article 41-12, paragraph (7)), art-41-12/par-7 — https://japanlaw.org/ja/special-taxation-measures-act/art-41-12/par-7 · https://japanlaw.org/l/332AC0000000026/art-41-12/par-7
- art-37-15/par-1: 次項 → 租税特別措置法 第三十七条の十五第二項 (Article 37-15, paragraph (2)), art-37-15/par-2 — https://japanlaw.org/ja/special-taxation-measures-act/art-37-15/par-2 · https://japanlaw.org/l/332AC0000000026/art-37-15/par-2
- art-37-15/par-2: 所得税法第三十三条第三項 → 所得税法 第三十三条第三項 (Article 33, paragraph (3)), art-33/par-3 — https://japanlaw.org/ja/income-tax-act/art-33/par-3 · https://japanlaw.org/l/340AC0000000033/art-33/par-3

## Cited by

1 provision cites this one. No official source publishes this direction.

- 租税特別措置法 第三十七条の十五第一項（貸付信託の受益権等の譲渡による所得の課税の特例） — https://japanlaw.org/ja/special-taxation-measures-act/art-37-15/par-1 · https://japanlaw.org/l/332AC0000000026/art-37-15/par-1

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## Sources

- e-Gov 法令検索, Digital Agency (デジタル庁) — 租税特別措置法 — the text in force from 2026-10-01 (https://laws.e-gov.go.jp/law/332AC0000000026/20261001_508AC0000000012), retrieved 2026-10-07
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Act on Special Measures Concerning Taxation — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/3132/tb), retrieved 2026-10-07
- claude-opus-5-5 — Machine translation, batch special-taxation-measures-act-20261007T211206-061, translated 2026-10-08
- claude-opus-5-5 — Machine translation, batch special-taxation-measures-act-20261007T211206-062, translated 2026-10-08
- This site's parser, version 165 — 租税特別措置法 — structure, counts, cross-references and defined terms, computed 2026-10-07