①If a person who has received permission for payment in kind under paragraph (1) of the preceding Article intends to receive approval of the withdrawal of payment in kind under that paragraph, the district director may, upon an application of the person who received that permission for payment in kind, grant permission to defer payment of the amount of inheritance tax subject to that withdrawal, up to the amount specified by Cabinet Order as the amount of that inheritance tax that it is difficult to pay in a lump sum in money.

②A person who intends to apply for permission to defer payment under the preceding paragraph must submit to the competent district director with jurisdiction over the place for tax payment, at the same time as the submission of the written application for withdrawal of payment in kind under paragraph (2) of the preceding Article, a written application stating the amount of inheritance tax subject to that withdrawal and other particulars specified by Ministry of Finance Order, with documents for provision of security attached.

③If a written application has been submitted pursuant to the preceding paragraph, the district director is to investigate whether the applicant and the matters concerning the application fall under paragraph (1) of the preceding Article and the preceding two paragraphs, except where rejecting the application for withdrawal of payment in kind that is the basis of the application, and, based on that investigation, is to grant permission to defer payment concerning the withdrawal of payment in kind, for all or part of the tax amount subject to the application, on the conditions subject to the application or on conditions modified from them, or reject the application, within three months from the day following the deadline for filing the written application; provided, however, that if the district director grants that permission to defer payment and finds that the security the applicant intends to provide is not appropriate, the district director may request a change of it.

④When granting permission to defer payment under the preceding paragraph, the district director must grant it by deferment in annual installments within the deferment period not yet elapsed, up to the amount that is difficult to pay in a lump sum in money out of the amount subject to deferment not yet due.

⑤The amount subject to deferment not yet due in the preceding paragraph means the total of those annual installment amounts, among the respective annual installment amounts on the assumption that permission to defer payment under Article 38, paragraph (1) had been granted on the due date for payment or the date of payment of the inheritance tax subject to the withdrawal of payment in kind, for which the payment deadline will arrive after the day on which the withdrawal of payment in kind is approved (referred to as "annual deferred payment amount not yet due" in the following paragraph); and the deferment period not yet elapsed in the preceding paragraph means, of the deferment period on the assumption that that permission to defer payment had been granted for that inheritance tax on its due date for payment or date of payment, the period after the day on which the withdrawal of payment in kind is approved; provided, however, that the proportion that the value of real property, etc. accounts for in the value of taxable inherited property pertaining to that inheritance tax is to be calculated on the basis of the value of the property that was the basis for calculating the amount of inheritance tax for which the tax amount to be paid has been finalized by the time the withdrawal of payment in kind is approved.

⑥The annual installment amounts and their due dates for payment in the case of granting permission to defer payment pursuant to paragraph (3) are to be the annual deferred payment amounts not yet due and their due dates for payment pertaining to that deferment. In this case, if the amount subject to deferment or the deferment period for which permission is granted falls short of the amount subject to deferment not yet due or the deferment period not yet elapsed prescribed in the preceding paragraph, the annual installment amounts are to be the amounts calculated in accordance with Article 38, paragraph (2) according to that amount subject to deferment and that deferment period.

⑦In the case referred to in paragraph (3), if the district director has requested, pursuant to paragraph (4) of the preceding Article, the addition of the unsuitable property prescribed in that paragraph to the property subject to the application for withdrawal of payment in kind, the district director may grant permission to defer payment under paragraph (3), or reject the application to defer payment, after the applicant adds the unsuitable property to that property. In this case, with regard to the application of that paragraph, the phrase "three months from the day following the deadline for filing the written application" in that paragraph is deemed to be replaced with "two months from the day following the day on which the notice under paragraph (6) of the preceding Article was issued (or, if there is a day designated by the district director under paragraph (7) of that Article, one month from the day following that day)".

⑧In the case referred to in paragraph (3), if, among the inheritance tax subject to the withdrawal of payment in kind, there is inheritance tax to be paid in a lump sum in money or beneficial expenses under paragraph (9) of the preceding Article to be paid, the district director may grant permission to defer payment under paragraph (3), or reject the application to defer payment, after that inheritance tax and those beneficial expenses are paid in full within one month from the day following the day on which the notice under paragraph (10) of that Article was issued. In this case, with regard to the application of paragraph (3), the phrase "three months from the day following the deadline for filing the written application" in that paragraph is deemed to be replaced with "two months from the day following the day on which the notice under paragraph (10) of that Article was issued".

⑨If the district director has granted permission to defer payment pursuant to paragraph (3), the district director is to notify the applicant of that fact and the amount subject to deferment and the conditions of deferment pertaining to that permission, stating them together in the document under paragraph (6) of the preceding Article by which the withdrawal of payment in kind is approved; and if the district director has rejected the application to defer payment pursuant to paragraph (3), the district director is to notify the applicant of it by a document stating that fact and the reason.

⑩If an application to defer payment under paragraph (2) has been made, and the application for withdrawal of payment in kind that is its basis has been rejected or withdrawn, or is deemed to have been withdrawn pursuant to paragraph (7) or (10) of the preceding Article, the application to defer payment is also deemed to have been rejected or withdrawn.

⑪The provisions of Article 38, paragraph (4), Article 39, paragraphs (4) through (28) and paragraphs (30) through (33), and Article 40, paragraphs (2) and (3) apply mutatis mutandis to deferment of payment concerning the withdrawal of payment in kind. In this case, the necessary technical replacement of terms is specified by Cabinet Order.

①In the case where the district director has granted permission for payment in kind with conditions attached (limited to conditions requiring the performance of certain matters concerning the property for payment in kind) pursuant to Article 42, paragraph (30) (including as applied mutatis mutandis pursuant to Article 45, paragraph (2); the same applies hereinafter in this paragraph through paragraph (3)), if the district director requires the performance of those certain matters, the district director notifies the applicant under Article 42, paragraph (30), by a document stating that the performance of those certain matters is required and other matters specified by Ministry of Finance Order, with a deadline set in accordance with those conditions.

②If the certain matters referred to in the preceding paragraph have not been performed by the deadline referred to in that paragraph, the district director may revoke the permission for payment in kind under paragraph (2) of that Article (including as applied mutatis mutandis pursuant to Article 45, paragraph (2)), only where the district director has given the notice under the preceding paragraph by the day on which five years elapse counting from the day following the day on which the notice under Article 42, paragraph (30) was given.

③In the case where the district director has revoked permission for payment in kind pursuant to the preceding paragraph, the district director notifies the applicant under Article 42, paragraph (30), by a document stating that fact and the reasons for it.

④Matters necessary for the application of the provisions of this Act, the Act on General Rules for National Taxes and other laws and regulations in the case where permission for payment in kind has been revoked pursuant to paragraph (2) are prescribed by Cabinet Order.

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.

With regard to the application of the provisions of this Chapter in the case where a regional commissioner has taken over affairs concerning deferment or payment in kind pursuant to Article 43, paragraph (3) (Competent Agency for Collection of National Taxes) of the Act on General Rules for National Taxes, the term "district director" in that Chapter is deemed to be replaced with "regional commissioner".