# 租税特別措置法 / Act on Special Measures Concerning Taxation — 第四十二条 (Supplementary Provisions, Article 42) - 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: 第四十二条 (Supplementary Provisions, Article 42)（分離振替国債の課税の特例に関する経過措置） — address `suppl-4171-21/art-42` - Text in force since: 2026-10-01 - URL (the page that opens at this provision): https://japanlaw.org/ja/special-taxation-measures-act/suppl-4171-21/art-42 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/332AC0000000026/suppl-4171-21/art-42 - 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. --- ### 第四十二条（分離振替国債の課税の特例に関する経過措置） — Transitional Measures Concerning Special Provisions on Taxation on Separated Book-Entry Government Bonds caption: machine translation, not official suppl-4171-21/art-42 · https://japanlaw.org/ja/special-taxation-measures-act/suppl-4171-21/art-42 · https://japanlaw.org/l/332AC0000000026/suppl-4171-21/art-42 **第一項** 新租税特別措置法第六十七条の十七第一項から第三項までの規定は、外国法人が施行日以後に同条第一項に規定する振替記載等を受ける同項に規定する分離振替国債の保有又は譲渡により生ずる所得又は同条第二項に規定する損失額（以下この条において「損失額」という。）及び施行日前に旧租税特別措置法第六十七条の十七第一項に規定する振替記載等を受けた同項に規定する分離振替国債（同項第一号の規定による同号の非課税適用申告書の提出があるものに限る。以下この条において「旧分離振替国債」という。）の保有又は譲渡により施行日以後に生ずる所得又は損失額について適用し、旧分離振替国債の保有又は譲渡により施行日前に生じた所得又は旧租税特別措置法第六十七条の十七第二項に規定する損失の額その他の政令で定める金額（次項において「損失の額等」という。）については、なお従前の例による。 suppl-4171-21/art-42/par-1 · https://japanlaw.org/ja/special-taxation-measures-act/suppl-4171-21/art-42/par-1 · https://japanlaw.org/l/332AC0000000026/suppl-4171-21/art-42/par-1 The provisions of Article 67-17, paragraphs (1) through (3) of the New Act on Special Measures Concerning Taxation apply to income arising from the holding or transfer of separated book-entry government bonds prescribed in paragraph (1) of that Article for which a foreign corporation receives a book-entry transfer record, etc. prescribed in that paragraph on or after the Effective Date, or to the loss amount prescribed in paragraph (2) of that Article (hereinafter referred to as the "loss amount" in this Article), and to income or the loss amount arising on or after the Effective Date from the holding or transfer of separated book-entry government bonds prescribed in Article 67-17, paragraph (1) of the Former Act on Special Measures Concerning Taxation for which a book-entry transfer record, etc. prescribed in that paragraph was received before the Effective Date (limited to those for which the return for application of tax exemption referred to in item (i) of that paragraph has been submitted pursuant to the provisions of that item; hereinafter referred to as "old separated book-entry government bonds" in this Article), and the provisions then in force continue to govern income that arose before the Effective Date from the holding or transfer of old separated book-entry government bonds, or the amount of losses prescribed in Article 67-17, paragraph (2) of the Former Act on Special Measures Concerning Taxation or any other amount specified by Cabinet Order (referred to as the "amount of losses, etc." in the following paragraph). machine translation, not official **第二項** 新租税特別措置法第六十七条の十七第四項の規定は、同項に規定する外国投資信託の受託者である外国法人（以下この項において「受託者である外国法人」という。）が、施行日以後に同条第一項に規定する振替記載等を受ける同条第四項に規定する外国投資信託（以下この項において「外国投資信託」という。）の信託財産に属する同条第一項に規定する分離振替国債の保有又は譲渡により生ずる所得又は損失額及び外国投資信託の信託財産に属する旧分離振替国債の保有又は譲渡により施行日以後に生ずる所得又は損失額について適用し、受託者である外国法人の外国投資信託の信託財産に属する旧分離振替国債の保有又は譲渡により施行日前に生じた所得又は損失の額等については、なお従前の例による。 suppl-4171-21/art-42/par-2 · https://japanlaw.org/ja/special-taxation-measures-act/suppl-4171-21/art-42/par-2 · https://japanlaw.org/l/332AC0000000026/suppl-4171-21/art-42/par-2 The provisions of Article 67-17, paragraph (4) of the New Act on Special Measures Concerning Taxation apply to income or the loss amount arising from the holding or transfer of separated book-entry government bonds prescribed in paragraph (1) of that Article that belong to the trust property of a foreign investment trust prescribed in paragraph (4) of that Article (hereinafter referred to as a "foreign investment trust" in this paragraph) for which a foreign corporation that is the trustee of a foreign investment trust prescribed in that paragraph (hereinafter referred to as a "foreign corporation that is a trustee" in this paragraph) receives, on or after the Effective Date, a book-entry transfer record, etc. prescribed in paragraph (1) of that Article, and to income or the loss amount arising on or after the Effective Date from the holding or transfer of old separated book-entry government bonds that belong to the trust property of a foreign investment trust, and the provisions then in force continue to govern income or the amount of losses, etc. that arose before the Effective Date from the holding or transfer of old separated book-entry government bonds that belong to the trust property of a foreign investment trust of a foreign corporation that is a trustee. machine translation, not official --- ## Cites - suppl-4171-21/art-42/par-1: 次項 → 租税特別措置法 附則第四十二条第二項 (Supplementary Provisions, Article 42, paragraph (2)), suppl-4171-21/art-42/par-2 — https://japanlaw.org/ja/special-taxation-measures-act/suppl-4171-21/art-42/par-2 · https://japanlaw.org/l/332AC0000000026/suppl-4171-21/art-42/par-2 - suppl-4171-21/art-42/par-1: この条 → 租税特別措置法 附則第四十二条 (Supplementary Provisions, Article 42), suppl-4171-21/art-42 — https://japanlaw.org/ja/special-taxation-measures-act/suppl-4171-21/art-42 · https://japanlaw.org/l/332AC0000000026/suppl-4171-21/art-42 - suppl-4171-21/art-42/par-2: この項 → 租税特別措置法 附則第四十二条第二項 (Supplementary Provisions, Article 42, paragraph (2)), suppl-4171-21/art-42/par-2 — https://japanlaw.org/ja/special-taxation-measures-act/suppl-4171-21/art-42/par-2 · https://japanlaw.org/l/332AC0000000026/suppl-4171-21/art-42/par-2 ## Cited by 2 provisions cite this one. No official source publishes this direction. - 租税特別措置法 附則第四十二条第一項（分離振替国債の課税の特例に関する経過措置） — https://japanlaw.org/ja/special-taxation-measures-act/suppl-4171-21/art-42/par-1 · https://japanlaw.org/l/332AC0000000026/suppl-4171-21/art-42/par-1 - 租税特別措置法 附則第四十二条第二項（分離振替国債の課税の特例に関する経過措置） — https://japanlaw.org/ja/special-taxation-measures-act/suppl-4171-21/art-42/par-2 · https://japanlaw.org/l/332AC0000000026/suppl-4171-21/art-42/par-2 --- ## 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-20261007T211206-451, translated 2026-10-08 - claude-opus-5-5 — Machine translation, batch special-taxation-measures-act-fixes2-20261008T160000, 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