①With regard to the inheritance tax equivalent to the inheritance tax subject to deferral relating to the special forest subject to forestry operations for which a statement is made in the inheritance tax return that the heir seeks the application of the provisions of this paragraph (limited to a forest that the forestry business heir manages personally (management meaning forestry operations or protection carried out together with those forestry operations) and that satisfies all of the following requirements; referred to as a "special forest" in this Article), out of the amount of inheritance tax to be paid, by filing the return under the provisions of Article 27, paragraph (1) of the Inheritance Tax Act relating to the inheritance (limited to a return filed before the due date for filing that return; referred to as the "inheritance tax return" in this Article), by a forestry business heir who has acquired a special forest subject to forestry operations by inheritance or bequest from a person specified by Cabinet Order as an individual who had held a forest (meaning standing timber or land; the same applies hereinafter in this Article) located within an area for which a specified forest management plan has been established (referred to as the "decedent" in this Article), notwithstanding the provisions of Article 33 of that Act, a grace period is granted for the payment of that tax until the day of the death of that forestry business heir, only if the forestry business heir has provided security equivalent to that inheritance tax subject to deferral by the due date for filing that inheritance tax return:

②In this Article, the meanings of the terms listed in the following items are as prescribed respectively in those items:

③In the case where the forestry business heir to whom the provisions of paragraph (1) apply or the special forest referred to in that paragraph has come to fall under any of the cases listed in the following items, notwithstanding the provisions of that paragraph, the deadline of the tax payment grace period under the provisions of that paragraph is the day on which two months have elapsed from the day specified in the relevant item (or, in the case where that forestry business heir has died during the period from the day specified in the relevant item until the day on which those two months elapse, the day on which six months have elapsed from the day following the day on which the heir of that forestry business heir (including a universal legatee; the same applies hereinafter in this Article) came to know of the commencement of the succession due to the death of that forestry business heir):

④In the case where, by the day on which the deadline of the tax payment grace period under the provisions of paragraph (1), the preceding paragraph, this paragraph, paragraph (13), (14) or (16) becomes fixed for the entire inheritance tax equivalent to the amount of inheritance tax under a grace period, the forestry business heir to whom the provisions of paragraph (1) apply has made a transfer, etc. of part of the special forest referred to in that paragraph or that special forest has come to fall under inadequate forest road network, etc., then, with regard to the inheritance tax equivalent to the amount calculated, pursuant to the provisions of Cabinet Order, as the amount of the part of the amount of inheritance tax under a grace period corresponding to the value of the special forest for which that transfer, etc. was made or which has come to fall under that inadequate forest road network, etc., notwithstanding the provisions of that paragraph, the deadline of the tax payment grace period under the provisions of that paragraph is the day on which two months have elapsed from the day on which the Minister of Agriculture, Forestry and Fisheries, etc. notified the district director with jurisdiction over the place for tax payment of that forestry business heir that the transfer, etc. or inadequate forest road network, etc. had taken place (or, in the case where that forestry business heir has died during the period from the day on which that notice was given until the day on which those two months elapse, the day on which six months have elapsed from the day following the day on which the heir of that forestry business heir came to know of the commencement of the succession due to the death of that forestry business heir).

⑤In the case referred to in the preceding paragraph, when a transfer, etc. has been made only with regard to the standing timber, or only with regard to the land used for the growth of that standing timber, out of a special forest, then, with regard to the application of the provisions of that paragraph, a transfer, etc. is deemed to have been made on the day on which that transfer, etc. was made with regard to the land used for the growth of that standing timber or the standing timber growing on that land as well.

⑥In the case where the forestry business heir to whom the provisions of paragraph (1) apply has come to be in a state specified by Cabinet Order as a state in which it is difficult to manage the special forest referred to in that paragraph due to a disability, illness or other reason, if the forestry business heir has entrusted the management of all of that special forest to a presumptive heir of that forestry business heir who is specified by Cabinet Order (that entrustment is referred to as "entrustment of management" in this paragraph and the following paragraph), then, only if the forestry business heir has, within two months from the day on which the forestry business heir made that entrustment of management, submitted to the district director with jurisdiction over the place for tax payment, pursuant to the provisions of Cabinet Order, a written notification to the effect that the forestry business heir has made that entrustment of management, the management of the forests relating to the special forest for which that entrustment of management was made (referred to as "forest under entrusted management" in the following paragraph) is deemed not to have been discontinued with regard to the application of the provisions of paragraph (3).

⑦With regard to the application of the provisions of paragraphs (3) and (4) to a forestry business heir to whom the provisions of the preceding paragraph apply, a person who has received an entrustment of management from that forestry business heir, or a forest under entrusted management, the phrase "or the special forest referred to in that paragraph" in paragraph (3) is deemed to be replaced with "or a person who has received an entrustment of management prescribed in paragraph (6) from that forestry business heir (referred to as a 'person entrusted with management' in this paragraph and the following paragraph) or the forest under entrusted management referred to in paragraph (6)", and the phrase "notwithstanding the provisions of that paragraph" in that paragraph is deemed to be replaced with "notwithstanding the provisions of paragraph (1)"; the phrase "by that forestry business heir" in item (i) of that paragraph is deemed to be replaced with "by that person entrusted with management", and the phrase "special forest" in that item is deemed to be replaced with "forest under entrusted management"; the phrase "that forestry business heir has" in item (ii) of that paragraph is deemed to be replaced with "that person entrusted with management has", the phrase "special forest" in that item is deemed to be replaced with "forest under entrusted management", the phrase "referred to in paragraph (1) before" in that item is deemed to be replaced with "referred to in paragraph (6) before", the phrase "held by that forestry business heir" in that item is deemed to be replaced with "held by that person entrusted with management", and the phrase "referred to in paragraph (1) held by" in that item is deemed to be replaced with "referred to in paragraph (6) held by"; the phrase "special forest" in item (iii) of that paragraph is deemed to be replaced with "forest under entrusted management"; and the phrase "the forestry business heir to whom the provisions of paragraph (1) apply" in paragraph (4) is deemed to be replaced with "the person entrusted with management relating to the application of the provisions of paragraph (6)", the phrase "special forest" in that paragraph is deemed to be replaced with "forest under entrusted management", and the phrase "notwithstanding the provisions of that paragraph" in that paragraph is deemed to be replaced with "notwithstanding the provisions of paragraph (1)"; and beyond this, necessary matters concerning the application of the provisions of the preceding paragraph are specified by Cabinet Order.

⑧The provisions of paragraph (1) do not apply in the case where, by the due date for filing the inheritance tax return relating to the inheritance referred to in that paragraph, all or part of the forests (limited to those located within an area for which a specified forest management plan has been established) acquired by that inheritance or bequest have not yet been divided among the co-heirs or universal legatees.

⑨The provisions of paragraph (1) do not apply in the case where a person who has acquired property by the inheritance or bequest referred to in that paragraph from the decedent relating to the inheritance referred to in that paragraph has received, or seeks to receive, the application of the provisions of Article 69-5, paragraph (1) with regard to that property.

⑩The provisions of paragraph (1) do not apply in the case where the inheritance tax return filed by the heir who seeks the application of the provisions of that paragraph does not contain a statement that the heir seeks the application of the provisions of that paragraph with regard to all of the special forest subject to forestry operations (limited to forests that satisfy all of the requirements listed in the items of that paragraph), or in the case where the following documents are not attached to it:

⑪A forestry business heir to whom the provisions of paragraph (1) apply must, in the case where a base date for management reports (excluding, in the case where the day on which five months have elapsed from the day following the first base date for management reports arriving on or after the day following the day of the death of the decedent relating to the special forest arrives by the due date for filing the inheritance tax return relating to the inheritance referred to in paragraph (1), that first base date for management reports) falls within the period from the day following the day of the death of the decedent relating to the inheritance referred to in that paragraph until the day on which the deadline of the tax payment grace period under the provisions of that paragraph or paragraph (3), (4), (13), (14) or (16) becomes fixed for the entire inheritance tax equivalent to the amount of inheritance tax under a grace period, submit to the district director with jurisdiction over the place for tax payment, by the notification deadline (meaning the day on which five months have elapsed from the day following the base date for management reports; the same applies in the following paragraph, paragraph (13) and paragraph (18)), pursuant to the provisions of Cabinet Order, a written notification stating that the forestry business heir wishes to continue to receive the application of the provisions of paragraph (1) and matters concerning the management of the special forest.

⑫With regard to the prescription of the national government's right to collect the inheritance tax equivalent to the amount of inheritance tax under a grace period and the interest tax and delinquent tax relating to that inheritance tax, except in the case where the provisions of Article 73, paragraph (4) of the Act on General Rules for National Taxes as applied by replacing terms pursuant to the provisions of paragraph (15), item (ii) apply, the prescription is not completed during the period from the time of submission of the written notification referred to in the preceding paragraph until the notification deadline of that written notification, and is to begin to run anew from the day following that notification deadline.

⑬In the case where the written notification referred to in paragraph (11) is not submitted to the district director with jurisdiction over the place for tax payment by the notification deadline, notwithstanding the provisions of paragraph (1), the deadline of the tax payment grace period under the provisions of that paragraph for the inheritance tax equivalent to the amount of inheritance tax under a grace period as of that notification deadline is the day on which two months have elapsed from the day following that notification deadline (or, in the case where the forestry business heir relating to that inheritance tax has died during the period from the day following that notification deadline until the day on which those two months elapse, the day on which six months have elapsed from the day following the day on which the heir of that forestry business heir came to know of the commencement of the succession due to the death of that forestry business heir).

⑭The district director may, in the following cases, accelerate the deadline of the tax payment grace period under the provisions of paragraph (1) relating to the inheritance tax equivalent to the amount of inheritance tax under a grace period. In this case, the provisions of Article 49, paragraphs (2) and (3) of the Act on General Rules for National Taxes apply mutatis mutandis.

⑮With regard to the application of the provisions of the Act on General Rules for National Taxes, the National Tax Collection Act and the Inheritance Tax Act in the case where a tax payment grace period has been granted under the provisions of paragraph (1), the following provisions apply:

⑯The provisions of Article 64, paragraph (1) (including the case where it is applied mutatis mutandis pursuant to paragraph (2) of that Article) and paragraph (4) of the Inheritance Tax Act apply mutatis mutandis to the case where it is found that the burden of inheritance tax or gift tax of a forestry business heir to whom the provisions of paragraph (1) apply, the decedent relating to that forestry business heir, or a person who has a special relationship specified by Cabinet Order with any of them would be unjustly reduced. In this case, the phrase "or their relatives or other persons" in paragraph (1) of that Article is deemed to be replaced with "who are the forestry business heir under Article 70-6-6, paragraph (1) (Tax Payment Grace Period and Exemption for Inheritance Tax on Forests) of the Act on Special Measures Concerning Taxation, the decedent relating to that forestry business heir, or those persons", the phrase "upon reassessment or determination of inheritance tax or gift tax" in that paragraph is deemed to be replaced with "with regard to the application of the provisions of that Article", and the phrase "calculate the taxable value" in that paragraph is deemed to be replaced with "accelerate the deadline of the tax payment grace period, or determine the inheritance tax subject to the tax payment grace period that is to be exempted"; the phrase "or their relatives or other persons who have the special relationship prescribed in the preceding paragraph with any of them, the reassessment or determination relating to inheritance tax or gift tax" in paragraph (2) of that Article is deemed to be replaced with "who is the forestry business heir under Article 70-6-6, paragraph (1) of the Act on Special Measures Concerning Taxation, the acceleration of the deadline of the tax payment grace period or the exemption of inheritance tax"; and the phrase "upon reassessment or determination of inheritance tax or gift tax" in paragraph (4) of that Article is deemed to be replaced with "with regard to the application of the provisions of Article 70-6-6 of the Act on Special Measures Concerning Taxation", and the phrase "calculate the taxable value" in that paragraph is deemed to be replaced with "accelerate the deadline of the tax payment grace period, or determine the inheritance tax subject to the tax payment grace period that is to be exempted".

⑰In the case where the forestry business heir to whom the provisions of paragraph (1) apply has died (excluding the case where the provisions of paragraph (13) have been applied before the day of death, the case where the deadline of the tax payment grace period has been accelerated under the provisions of paragraph (14) or the preceding paragraph before that day, and the case where the forestry business heir came to fall under any of the cases listed in the items of paragraph (3) before that day), the inheritance tax equivalent to the amount of inheritance tax under a grace period is exempted. In this case, the heir of that forestry business heir must, by the day on which six months have elapsed from the day of death (referred to as the "deadline for notification of exemption" in the following paragraph), submit to the district director with jurisdiction over the place for tax payment, pursuant to the provisions of Cabinet Order, a written notification stating the matters specified by Order of the Ministry of Finance.

⑱Even in the case where the written notification referred to in paragraph (11) or the preceding paragraph has not been submitted by the notification deadline prescribed in paragraph (11) or the deadline for notification of exemption referred to in the preceding paragraph, if the district director prescribed in those provisions finds that there were unavoidable circumstances for the failure to submit it within those deadlines and the written notification has been submitted to that district director pursuant to the provisions of Cabinet Order, the written notification is deemed to have been submitted within those deadlines with regard to the application of the provisions of paragraph (13) or the preceding paragraph.

⑳In the case where the Minister of Agriculture, Forestry and Fisheries, etc. has come to know, with regard to the forestry business heir to whom the provisions of paragraph (1) apply or the special forest, that a fact relating to the fixing of the deadline of the tax payment grace period under the provisions of paragraph (3) or (4) has occurred, as a result of having given a certification or confirmation, accepted a report or taken any other action based on the provisions of laws and regulations with regard to that fact, the Minister of Agriculture, Forestry and Fisheries, etc. must, without delay, notify the Commissioner of the National Tax Agency or the district director with jurisdiction over the place for tax payment of that forestry business heir in writing that the fact has occurred with regard to that special forest and of other matters specified by Order of the Ministry of Finance.

（二十一）If the district director finds it necessary, in the case referred to in paragraph (1), for the Minister of Agriculture, Forestry and Fisheries, etc. to properly and reliably process its affairs (limited to affairs concerning the forestry business heir to whom the provisions of that paragraph apply that relate to the application of the provisions of the preceding paragraph), the district director may notify the Minister of Agriculture, Forestry and Fisheries, etc. that the forestry business heir receives the application of the provisions of paragraph (1) and of other matters specified by Order of the Ministry of Finance.

（二十二）Beyond what is provided for in paragraph (3) through the preceding paragraph, necessary matters concerning the application of paragraph (1) are specified by Cabinet Order.