Where there are grounds on which it is difficult for a person liable for tax to pay in money, even by deferment of payment, the amount of inheritance tax to be paid pursuant to Article 33 of this Act or Article 35, paragraph (2) (Payment of National Tax using the Self-Assessment System) of the Act on General Rules for National Taxes, the district director may, upon application by the person liable for tax, grant permission for payment in kind, up to the amount specified by Cabinet Order as the amount for which payment is difficult. In this case, if the district director finds that, owing to the nature, form or other characteristics of the property to be applied to payment in kind (hereinafter referred to as "property for payment in kind"), there are unavoidable circumstances for accepting property for payment in kind of a value exceeding the amount specified by Cabinet Order, the district director may grant permission for payment in kind exceeding the amount specified by Cabinet Order.
税務署長は、納税義務者について第三十三条又は国税通則法第三十五条第二項（申告納税方式による国税等の納付）の規定により納付すべき相続税額を延納によつても金銭で納付することを困難とする事由がある場合においては、納税義務者の申請により、その納付を困難とする金額として政令で定める額を限度として、物納の許可をすることができる。この場合において、物納に充てる財産（以下「物納財産」という。）の性質、形状その他の特徴により当該政令で定める額を超える価額の物納財産を収納することについて、税務署長においてやむを得ない事情があると認めるときは、当該政令で定める額を超えて物納の許可をすることができる。
The property that may be applied to payment in kind under the preceding paragraph is the following property, among the property that became the basis for calculating the taxable value of the person liable for tax (including property acquired by means of that property and excluding property subject to the application of the provisions of Article 21-9, paragraph (3)) that is located in the area where this Act is enforced (excluding property specified by Cabinet Order as unsuitable for management or disposal (referred to as "property unsuitable for management or disposal" in Article 45, paragraph (1))):
前項の規定による物納に充てることができる財産は、納税義務者の課税価格計算の基礎となつた財産（当該財産により取得した財産を含み、第二十一条の九第三項の規定の適用を受ける財産を除く。）でこの法律の施行地にあるもののうち次に掲げるもの（管理又は処分をするのに不適格なものとして政令で定めるもの（第四十五条第一項において「管理処分不適格財産」という。）を除く。）とする。
real property and vessels;
不動産及び船舶
the following securities (including securities for which the attribution of rights is determined by entry or record in a transfer account book pursuant to the provisions of the Act on Book-Entry Transfer of Corporate Bonds and Shares (Act No. 75 of 2001), and registered government bonds):
次に掲げる有価証券（その権利の帰属が社債、株式等の振替に関する法律（平成十三年法律第七十五号）の規定により振替口座簿の記載又は記録により定まるもの及び登録国債を含む。）
government bond certificates and local bond certificates;
国債証券及び地方債証券
corporate bond certificates (including bond certificates issued by a corporation under a special Act, and excluding securities relating to short-term corporate bonds, etc.);
社債券（特別の法律により法人の発行する債券を含み、短期社債等に係る有価証券を除く。）
share certificates (including investment certificates issued by a corporation under a special Act);
株券（特別の法律により法人の発行する出資証券を含む。）
beneficiary certificates of a securities investment trust prescribed in Article 2, paragraph (4) (Definitions) of the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951);
投資信託及び投資法人に関する法律（昭和二十六年法律第百九十八号）第二条第四項（定義）に規定する証券投資信託の受益証券
beneficiary certificates of a loan trust prescribed in Article 2, paragraph (1) (Definitions) of the Loan Trust Act (Act No. 195 of 1952);
貸付信託法（昭和二十七年法律第百九十五号）第二条第一項（定義）に規定する貸付信託の受益証券
securities listed on a financial instruments exchange (meaning a financial instruments exchange prescribed in Article 2, paragraph (16) (Definitions) of the Financial Instruments and Exchange Act (Act No. 25 of 1948); the same applies in paragraph (5)) that are any of the following:
金融商品取引所（金融商品取引法（昭和二十三年法律第二十五号）第二条第十六項（定義）に規定する金融商品取引所をいう。第五項において同じ。）に上場されている有価証券で次に掲げるもの
share option certificates;
新株予約権証券
beneficiary certificates of an investment trust prescribed in Article 2, paragraph (3) of the Act on Investment Trusts and Investment Corporations (excluding a securities investment trust prescribed in (d));
投資信託及び投資法人に関する法律第二条第三項に規定する投資信託（ニに規定する証券投資信託を除く。）の受益証券
investment securities prescribed in Article 2, paragraph (15) of the Act on Investment Trusts and Investment Corporations (referred to as "investment securities" in (g));
投資信託及び投資法人に関する法律第二条第十五項に規定する投資証券（トにおいて「投資証券」という。）
beneficiary certificates of a specified purpose trust prescribed in Article 2, paragraph (13) (Definitions) of the Act on the Securitization of Assets (Act No. 105 of 1998);
資産の流動化に関する法律（平成十年法律第百五号）第二条第十三項（定義）に規定する特定目的信託の受益証券
beneficiary certificates of a trust issuing beneficiary certificates prescribed in Article 185, paragraph (3) (Provisions of the Trust Instrument Concerning Issuance of Beneficiary Certificates) of the Trust Act;
信託法第百八十五条第三項（受益証券の発行に関する信託行為の定め）に規定する受益証券発行信託の受益証券
investment securities specified by Ministry of Finance Order of an investment corporation prescribed in Article 2, paragraph (12) of the Act on Investment Trusts and Investment Corporations (limited to one whose articles of incorporation provide for the refund of investment units (meaning investment units prescribed in paragraph (14) of that Article) at the request of an investor prescribed in paragraph (16) of that Article);
投資信託及び投資法人に関する法律第二条第十二項に規定する投資法人（その規約に同条第十六項に規定する投資主の請求により投資口（同条第十四項に規定する投資口をいう。）の払戻しをする旨が定められているものに限る。）の投資証券で財務省令で定めるもの
movables.
動産
The short-term corporate bonds, etc. prescribed in item (ii), (b) of the preceding paragraph are the following:
前項第二号ロに規定する短期社債等とは、次に掲げるものをいう。
short-term corporate bonds prescribed in Article 66, item (i) (Attribution of Rights) of the Act on Book-Entry Transfer of Corporate Bonds and Shares;
社債、株式等の振替に関する法律第六十六条第一号（権利の帰属）に規定する短期社債
short-term investment corporation bonds prescribed in Article 139-12, paragraph (1) (Special Provisions on Short-Term Investment Corporation Bonds) of the Act on Investment Trusts and Investment Corporations;
投資信託及び投資法人に関する法律第百三十九条の十二第一項（短期投資法人債に係る特例）に規定する短期投資法人債
short-term bonds prescribed in Article 54-4, paragraph (1) (Issuance of Short-Term Bonds) of the Shinkin Bank Act (Act No. 238 of 1951);
信用金庫法（昭和二十六年法律第二百三十八号）第五十四条の四第一項（短期債の発行）に規定する短期債
short-term corporate bonds prescribed in Article 61-10, paragraph (1) (Special Provisions on Short-Term Corporate Bonds) of the Insurance Business Act;
保険業法第六十一条の十第一項（短期社債に係る特例）に規定する短期社債
specified short-term corporate bonds prescribed in Article 2, paragraph (8) of the Act on the Securitization of Assets;
資産の流動化に関する法律第二条第八項に規定する特定短期社債
short-term agriculture and forestry bonds prescribed in Article 62-2, paragraph (1) (Issuance of Short-Term Agriculture and Forestry Bonds) of the Norinchukin Bank Act (Act No. 93 of 2001).
農林中央金庫法（平成十三年法律第九十三号）第六十二条の二第一項（短期農林債の発行）に規定する短期農林債
The case where property of lower priority for payment in kind (meaning property that is property for payment in kind but is specified by Cabinet Order as being of a lower order of priority for payment in kind than other property; the same applies hereinafter in this paragraph and Article 45, paragraph (1)), among the property listed in the items of paragraph (2), may be used for payment in kind is limited, except where the district director finds that there are special circumstances, to the case where there is no property of an appropriate value among the property listed in the respective items of paragraph (2) that does not fall under property of lower priority for payment in kind and that the person liable for tax actually holds at the time of the application for permission for payment in kind.
The case where property listed in paragraph (2), item (ii), (b) through (e) (excluding that listed on a financial instruments exchange and other property specified by Ministry of Finance Order as easy to convert into cash; the same applies hereinafter in this paragraph) or property listed in paragraph (2), item (iii) may be used for payment in kind is limited, except where the district director finds that there are special circumstances, to the case where, among what the person liable for tax actually holds at the time of the application for permission for payment in kind, there is no property of an appropriate value, as to the property listed in item (ii), (b) through (e) of that paragraph, among the property listed in item (i) of that paragraph and, of the property listed in item (ii) of that paragraph, that specified by Ministry of Finance Order as easy to convert into cash, and as to the property listed in item (iii) of that paragraph, among the property listed in items (i) and (ii) of that paragraph.