The Ministry of Finance issued a ruling on February 26, 2014, stating that when the surviving company or the newly formed company under Enterprise Mergers and Acquisitions Act or The Financial Institutions Merger Act intends to sell the real estate transferred by the dissolved company, the “holding period” set forth under Paragraph 3 of Article 3 of The Specifically Selected Goods and Services Tax Act (the so-called “Luxury Tax”) shall be calculated from the date the dissolved company acquired and registered the real estate to the date the surviving company or the newly formed company entered into an agreement for sale of such real estate.  This means that for the purpose of calculating the holding period of such real estate under the Luxury Tax, the date the dissolved company acquired and registered the real estate may be used as the starting date of the holding period.