The Equalization of Land Rights Act Article 38
When the land ownership is transferred, a land value increment tax shall be levied on the land if its current value at the time of land transfer exceeds either its original assessed value or the current transaction value of land declared at the time of last transfer after the deduction in accordance with the provisions of Subparagraph two of Article 36.The original assessed value of land as referred to in the preceding Paragraph shall mean the value as assessed in 1964. In case the land value has been assessed according to the provisions of the Land Law before 1964 or assessed after 1964, the land value as assessed in the first instance shall be the original assessed value. The current transaction value of land declared at the time of last transfer as referred to in the preceding Paragraph shall mean the publicly announced current land value when the inheritance has come into force, in case the land ownership is transferred after the owner has acquired the land by inheritance.
中文原文 平均地權條例第38條
土地所有權移轉，其移轉現值超過原規定地價或前次移轉時申報之現值，應就其超過總數額依第三十六條第二項之規定扣減後，徵收土地增值稅。
前項所稱原規定地價，係指中華民國五十三年規定之地價；其在中華民國五十三年以前已依土地法規定辦理規定地價及在中華民國五十三年以後舉辦規定地價之土地，均以其第一次規定之地價為原規定地價。
所稱前次移轉時申報之現值，於因繼承取得之土地再行移轉者，係指繼承開始時該土地之公告土地現值。
前項所稱原規定地價，係指中華民國五十三年規定之地價；其在中華民國五十三年以前已依土地法規定辦理規定地價及在中華民國五十三年以後舉辦規定地價之土地，均以其第一次規定之地價為原規定地價。
所稱前次移轉時申報之現值，於因繼承取得之土地再行移轉者，係指繼承開始時該土地之公告土地現值。