①In the case where, with respect to a person who has received permission to defer payment under Article 38, paragraph (1) or Article 44, paragraph (1), a cause arises that makes it difficult to pay in money the remaining amount obtained by deducting the installment payments whose due date for payment has arrived from the amount subject to deferment under Article 38, paragraph (1) (including as applied mutatis mutandis pursuant to Article 44, paragraph (2)) (referred to as the "tax amount eligible for specified payment in kind" in this Article), even by deferment on the conditions changed pursuant to Article 39, paragraph (30) (including as applied mutatis mutandis pursuant to Article 44, paragraph (2)), the district director may, upon application by that person, grant permission for payment in kind, within the limit of the amount specified by Cabinet Order as the amount for which payment is difficult, out of the tax amount eligible for specified payment in kind.

②A person who intends to obtain permission for payment in kind under the preceding paragraph (referred to as "specified payment in kind" in this Article) must, by the day on which 10 years elapse counting from the day following the filing deadline for the inheritance tax pertaining to that specified payment in kind, submit to the competent district director with jurisdiction over the place for tax payment a written application stating the tax amount eligible for specified payment in kind, the amount for which payment in money is difficult and the cause of that difficulty, the tax amount for which permission for specified payment in kind is sought, and other matters specified by Ministry of Finance Order, with the documents for payment in kind procedures attached.

③When a written application under the preceding paragraph has been submitted, the district director conducts an investigation as to whether the applicant and the matters pertaining to the application fall under the provisions of paragraph (1) and the provisions of Article 41, paragraph (1), latter part and paragraphs (2) through (5) of that Article as applied mutatis mutandis pursuant to paragraph (6), and, based on that investigation, within three months counting from the day following the day on which the application was submitted, either grants permission for that specified payment in kind, for each item of property pertaining to that specified payment in kind, for all or part of the tax amount for which permission for specified payment in kind is sought in the application, or rejects the application.

④Where a written application under paragraph (2) has been submitted, the due date for payment of an installment payment, out of the tax amount for which permission for specified payment in kind is sought in that application, whose installment payment due date falls between the day of that submission and the day set forth in each of the following items, is extended to the day prescribed in the relevant item:

⑤The accepted value of property pertaining to specified payment in kind is the value at the time of the application pertaining to that specified payment in kind; provided, however, that if a significant change has arisen in the condition of that property by the time of acceptance, the district director may determine the accepted value of that property according to its actual condition at the time of acceptance.

⑥The provisions of Article 41, paragraph (1), latter part and paragraphs (2) through (5) of that Article, Article 42, paragraph (3), paragraphs (8) through (10), paragraph (14) and paragraphs (16) through (31), Article 43, paragraphs (2) through (7), and the preceding Article apply mutatis mutandis to specified payment in kind under the preceding paragraphs. In this case, necessary technical replacement of terms is prescribed by Cabinet Order.

⑦In addition to what is prescribed in the preceding paragraphs, matters necessary for specified payment in kind are prescribed by Cabinet Order.