# 租税特別措置法 / Act on Special Measures Concerning Taxation — 第四十条の三 (Article 40-3)

- 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: 第四十条の三 (Article 40-3)（物納による譲渡所得等の非課税） — address `art-40-3`
- Text in force since: 2026-10-01
- URL (the page that opens at this provision): https://japanlaw.org/ja/special-taxation-measures-act/art-40-3
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/332AC0000000026/art-40-3
- 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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### 第四十条の三（物納による譲渡所得等の非課税） — Tax Exemption for Capital Gains, etc. Arising from Payment in Kind
<sup>caption: machine translation, not official</sup>
<sup>art-40-3 · https://japanlaw.org/ja/special-taxation-measures-act/art-40-3 · https://japanlaw.org/l/332AC0000000026/art-40-3</sup>

    **第一項**  個人がその財産を相続税法第四十二条第二項（同法第四十五条第二項において準用する場合を含む。）又は第四十八条の二第三項の規定による許可を受けて物納した場合には、所得税法第三十二条又は第三十三条の規定の適用については、当該財産（相続税法第四十一条第一項後段（同法第四十五条第二項又は第四十八条の二第六項において準用する場合を含む。）の規定の適用がある場合には、当該財産のうち同法第四十一条第一項（同法第四十五条第二項において準用する場合を含む。）又は第四十八条の二第一項に規定する納付を困難とする金額として政令で定める額に相当するものとして政令で定める部分）の譲渡がなかつたものとみなす。
    <sup>art-40-3/par-1 · https://japanlaw.org/ja/special-taxation-measures-act/art-40-3/par-1 · https://japanlaw.org/l/332AC0000000026/art-40-3/par-1</sup>
    Where an individual has made a payment in kind of the individual's property with permission under the provisions of Article 42, paragraph (2) (including as applied mutatis mutandis pursuant to Article 45, paragraph (2) of that Act) or Article 48-2, paragraph (3) of the Inheritance Tax Act, with regard to the application of the provisions of Article 32 or Article 33 of the Income Tax Act, the transfer of that property (where the provisions of the second sentence of Article 41, paragraph (1) of the Inheritance Tax Act (including as applied mutatis mutandis pursuant to Article 45, paragraph (2) or Article 48-2, paragraph (6) of that Act) apply, the part of that property specified by Cabinet Order as corresponding to the amount specified by Cabinet Order as the amount that makes payment difficult prescribed in Article 41, paragraph (1) (including as applied mutatis mutandis pursuant to Article 45, paragraph (2) of that Act) or Article 48-2, paragraph (1) of that Act) is deemed not to have been made.
    <sup>machine translation, not official</sup>

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## Cites
- art-40-3/par-1: 相続税法第四十二条第二項 → e-Gov law 325AC0000000073, 第四十二条第二項 (Article 42, paragraph (2)), art-42/par-2 — not held in this collection
- art-40-3/par-1: 同法第四十五条第二項 → e-Gov law 325AC0000000073, 第四十五条第二項 (Article 45, paragraph (2)), art-45/par-2 — not held in this collection
- art-40-3/par-1: 第四十八条の二第三項 → e-Gov law 325AC0000000073, 第四十八条の二第三項 (Article 48-2, paragraph (3)), art-48-2/par-3 — not held in this collection
- art-40-3/par-1: 相続税法第四十一条第一項 → e-Gov law 325AC0000000073, 第四十一条第一項 (Article 41, paragraph (1)), art-41/par-1 — not held in this collection
- art-40-3/par-1: 第四十八条の二第六項 → e-Gov law 325AC0000000073, 第四十八条の二第六項 (Article 48-2, paragraph (6)), art-48-2/par-6 — not held in this collection
- art-40-3/par-1: 第四十八条の二第一項 → e-Gov law 325AC0000000073, 第四十八条の二第一項 (Article 48-2, paragraph (1)), art-48-2/par-1 — not held in this collection
- art-40-3/par-1: 所得税法第三十二条 → 所得税法 第三十二条 (Article 32), art-32 — https://japanlaw.org/ja/income-tax-act/art-32 · https://japanlaw.org/l/340AC0000000033/art-32
- art-40-3/par-1: 第三十三条 → 所得税法 第三十三条 (Article 33), art-33 — https://japanlaw.org/ja/income-tax-act/art-33 · https://japanlaw.org/l/340AC0000000033/art-33

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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-20261007T211206-064, 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