①The provisions of Article 70-9, paragraph (2) of the New Act apply to inheritance tax for which permission for deferred payment under the provisions of Article 38, paragraph (1) or Article 43, paragraph (5) of the Inheritance Tax Act (Act No. 73 of 1950) is granted on or after the Effective Date (limited to inheritance tax on an inheritance that commenced on or after January 1, 1988 (hereinafter referred to as the "specified day" in this Article)), and, except for what is provided for in the following paragraph, the provisions then in force continue to govern inheritance tax for which permission for deferred payment under those provisions was granted before the Effective Date and inheritance tax for which permission for deferred payment under those provisions is granted on or after the Effective Date (limited to inheritance tax on an inheritance that commenced before the specified day).

②With regard to interest tax on an amount of inheritance tax for which a district director granted permission for deferred payment before the Effective Date (limited to an amount of inheritance tax on an inheritance that commenced on or after the specified day to which the provisions of Article 70-9, paragraph (2) of the Former Act or Article 76, paragraph (3) of the Supplementary Provisions of the Act Partially Amending the Income Tax Act, etc. (Act No. 109 of 1988) apply) and for which the due date for payment of an installment payment pertaining to the deferred payment falls on or after the Effective Date, the district director is to calculate the portion corresponding to the period on or after the Effective Date in accordance with the provisions of Article 70-9, paragraph (2) of the New Act, mutatis mutandis.