①The provisions of Articles 69-4 and 69-5 of the New Act on Special Measures Concerning Taxation apply to inheritance tax on special eligible residential land, etc. prescribed in Article 69-4, paragraph (1) of the New Act on Special Measures Concerning Taxation and specified business assets prescribed in Article 69-5, paragraph (2), item (vi) of the New Act on Special Measures Concerning Taxation acquired by inheritance or bequest (including a gift that becomes effective upon the death of the donor; the same applies hereinafter in this Article) on or after January 1, 2002.

②In the case referred to in the preceding paragraph, with regard to the application of the provisions of Articles 69-4 and 69-5 of the New Act on Special Measures Concerning Taxation when specified business assets prescribed in Article 69-5, paragraph (2), item (vi) of the New Act on Special Measures Concerning Taxation have been acquired by inheritance or bequest during the period from January 1, 2002 to March 31, 2002, in paragraph (2), item (iv) of that Article, the phrase "certification by the mayor of the municipality (or, in the case where the provisions of Article 19 of that Act apply, the person specified in the relevant item of paragraph (1) of that Article according to the category of cases listed in those items) under the provisions of Article 11, paragraph (4) of the Forest Act (including as applied mutatis mutandis pursuant to Article 12, paragraph (3) of that Act and as applied mutatis mutandis pursuant to Article 12, paragraph (3) of the Forest Act as applied with the replacement of terms pursuant to the provisions of Article 10, paragraph (2) of the Act on Special Measures concerning Assurance of Stable Supply of Timber)" is deemed to be replaced with "certification by the mayor of the municipality prescribed in Article 30-2, paragraph (1) of the Act on Special Measures Concerning Taxation prior to the amendment by Article 1 of the Act Partially Amending the Act on Special Measures Concerning Taxation, etc. (Act No. 15 of 2002)", and the phrase "forest operation plan prescribed in Article 11, paragraph (1) of that Act (excluding one specified by Order of the Ministry of Finance as a plan for implementing forest operations by public-benefit function prescribed in paragraph (4), item (ii), (b) of that Article, and one whose certification has been revoked pursuant to the provisions of Article 16 of that Act or Article 10, paragraph (3) of the Act on Special Measures concerning Assurance of Stable Supply of Timber;" is deemed to be replaced with "forest operation plan prescribed in that paragraph (".

③The provisions of Article 70-3 of the New Act on Special Measures Concerning Taxation (including as applied pursuant to the provisions of Article 69, paragraph (4) of the New Act on Special Measures Concerning Taxation) apply to gift tax on funds for housing acquisition prescribed in Article 70-3, paragraph (1) of the New Act on Special Measures Concerning Taxation or funds for housing extension and remodeling prescribed in paragraph (5) of that Article acquired by gift (excluding a gift that becomes effective upon the death of the donor; the same applies hereinafter in this paragraph) on or after the Effective Date, and with regard to gift tax on funds for housing acquisition prescribed in Article 70-3, paragraph (1) of the Former Act on Special Measures Concerning Taxation or funds for housing extension and remodeling prescribed in paragraph (5) of that Article acquired by gift before the Effective Date, the provisions then in force continue to govern.

④The provisions of Article 70-4 of the New Act on Special Measures Concerning Taxation apply to gift tax on farmland, etc. referred to in paragraph (1) of that Article to which the provisions of the main clause of that paragraph apply, in the case where a right based on a loan for use prescribed in paragraph (5) of that Article is created over that farmland, etc. on or after the Effective Date, and with regard to gift tax on farmland, etc. referred to in Article 70-4, paragraph (1) of the Former Act on Special Measures Concerning Taxation to which the provisions of the main clause of that paragraph apply, in the case where a right based on a loan for use prescribed in paragraph (5) of that Article was created over that farmland, etc. before the Effective Date, the provisions then in force continue to govern.

⑤The persons listed in the following items are deemed to be donees prescribed in Article 70-4, paragraph (1) of the New Act on Special Measures Concerning Taxation, and the provisions of paragraphs (5) and (6) of that Article and other provisions apply. In this case, necessary matters concerning the application of these provisions with regard to those donees are specified by Cabinet Order:

⑥The provisions of Article 70-8 of the New Act on Special Measures Concerning Taxation (limited to the part concerning the ratio prescribed in paragraph (1)) 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, and with regard to inheritance tax for which permission for deferred payment under these provisions was granted before the Effective Date, except for what is specified in paragraphs (8) and (9), the provisions then in force continue to govern.

⑦The provisions of Article 70-8, paragraph (3) of the New Act on Special Measures Concerning Taxation apply to the portion of interest tax on an amount of inheritance tax for which the due date for payment of an installment payment pertaining to deferred payment arrives on or after the Effective Date that corresponds to the period on or after the Effective Date, and with regard to the portion of interest tax on that amount of inheritance tax that corresponds to the period before the Effective Date, and interest tax on an amount of inheritance tax for which that due date for payment arrived before the Effective Date, the provisions then in force continue to govern.

⑧In the case where, among amounts of inheritance tax pertaining to permission for deferred payment granted before the Effective Date, there is an amount of inheritance tax for which the ratio of the value of standing timber located within a district for which a forest operation plan prescribed in Article 70-8, paragraph (1) of the Former Act on Special Measures Concerning Taxation has been established to the total value of the property serving as the basis for calculating that amount of inheritance tax is 2/10 or more and less than 3/10, if, with regard to an installment payment pertaining to deferred payment whose due date for payment arrives on or after the Effective Date, the person who received that permission for deferred payment files an application, as specified by Cabinet Order, by the first due date for payment arriving on or after the Effective Date (or, if the period from the Effective Date to that due date for payment is less than four months, the day on which four months have elapsed from the Effective Date; the same applies in the following paragraph), the district director may change that installment payment in accordance with the provisions of Article 70-8, paragraphs (1) through (3) and (9) of the New Act on Special Measures Concerning Taxation.

⑨In the case prescribed in the preceding paragraph, if a person who received permission for deferred payment before the Effective Date has submitted the documents prescribed in Article 70-8, paragraph (5) of the New Act on Special Measures Concerning Taxation to the district director having jurisdiction over the place for tax payment by the due date for payment of the installment payment pertaining to deferred payment that first arrives on or after the Effective Date, the portion of interest tax on an amount of inheritance tax for which the due date for payment of an installment payment pertaining to deferred payment arrives on or after the Effective Date that corresponds to the period on or after the Effective Date is to be calculated in accordance with the provisions of paragraph (3) of that Article and Article 93, paragraph (2) of the New Act on Special Measures Concerning Taxation.

⑩With regard to the portion that corresponds to the period on or after the Effective Date of interest tax on an amount of inheritance tax for which the district director granted permission for deferred payment under the provisions of Article 38, paragraph (1) or Article 43, paragraph (5) of the Inheritance Tax Act before the Effective Date (limited to an amount to which the provisions of Article 19, paragraph (5) of the Supplementary Provisions of the 2000 Amendment Act apply and which pertains to the provisions of Article 19, paragraph (18) of the Supplementary Provisions of the 1991 Amendment Act), the district director is to calculate it in accordance with the provisions of Article 70-8, paragraph (3) and Article 93, paragraph (2) of the New Act on Special Measures Concerning Taxation, notwithstanding the provisions of Article 19, paragraph (18) of the Supplementary Provisions of the 1991 Amendment Act and Article 19, paragraph (5) of the Supplementary Provisions of the 2000 Amendment Act.