①In the case where the amount of inheritance tax to be paid pursuant to Article 33 of this Act or Article 35, paragraph (2) (Payment of National Tax using the Self-Assessment System) of the Act on General Rules for National Taxes exceeds 100,000 yen, and there are grounds that make it difficult for the person liable for tax to pay in money by the due date for payment or on the day on which payment is due, the district director may, upon application by the person liable for tax, grant permission to defer payment in annual installments within five years (where the proportion that the total value of real property, standing timber and other property specified by Cabinet Order (hereinafter referred to as the "value of real property, etc.") represents of the total value of the property acquired by inheritance or bequest that formed the basis for calculating that amount of inheritance tax (hereinafter referred to as the "value of taxable inherited property") is 50 percent or more, within 15 years for the portion of the tax specified by Cabinet Order as the amount of inheritance tax corresponding to the value of real property, etc., and within 10 years for the amount of inheritance tax for the other portion), up to the limit of the amount specified by Cabinet Order as the amount that makes payment difficult. In this case, where the amount subject to deferment is less than 500,000 yen (1,500,000 yen where the proportion that the value of real property, etc. represents of the value of taxable inherited property is 50 percent or more), the period for which that permission to defer payment may be granted cannot exceed the number of years equivalent to the number obtained by dividing the amount subject to deferment by 100,000 yen (where that number has a fraction of less than one, it is counted as one).

②In the case where permission to defer payment is granted pursuant to the preceding paragraph, the annual installment amount is the amount calculated by dividing the amount subject to deferment by the number of years equivalent to the deferment period (where the proportion that the value of real property, etc. represents of the value of taxable inherited property is 50 percent or more, the amount calculated by dividing the amount subject to deferment into the amount of tax for the portion specified by Cabinet Order as corresponding to the value of real property, etc. (hereinafter referred to as the "deferred inheritance tax amount attributable to real property, etc.") and the amount of tax for the other portion (hereinafter referred to as the "deferred inheritance tax amount attributable to movables, etc."), and dividing each of those amounts of tax by the number of years equivalent to the respective deferment period).

③In the case where the amount of gift tax to be paid pursuant to Article 33 of this Act or Article 35, paragraph (2) of the Act on General Rules for National Taxes exceeds 100,000 yen, and there are grounds that make it difficult for the person liable for tax to pay in money by the due date for payment or on the day on which payment is due, the district director may, upon application by the person liable for tax, grant permission to defer payment in annual installments within five years, up to the limit of the amount specified by Cabinet Order as the amount that makes payment difficult.

④In granting permission to defer payment under paragraph (1) or the preceding paragraph, the district director must obtain security equivalent to the amount subject to deferment; provided, however, that this does not apply where the amount subject to deferment is 1,000,000 yen or less and the deferment period is three years or less.

①A person who intends to apply for permission to defer payment under paragraph (1) of the preceding Article must attach, to a written application stating the amount that it is difficult to pay in money by the due date for payment of the inheritance tax for which deferment is sought or on the day on which payment is due, the reasons for that difficulty, the amount of tax and the period for which deferment is sought, the installment payments and their due dates, and other matters specified by Ministry of Finance Order, documents relating to the provision of security specified by Ministry of Finance Order (referred to as "documents for provision of security" in this Article and Article 47, paragraph (2)), and must submit them to the competent district director with jurisdiction over the place for tax payment by that due date or on that day.

②Where a written application under the preceding paragraph is submitted, the district director is to investigate whether the applicant and the matters relating to the application fall under paragraphs (1) and (2) of the preceding Article, and, based on that investigation, within three months counting from the day following the deadline for filing that written application, either grant permission to defer payment for all or part of the amount of tax relating to the application under the conditions relating to the application or conditions modified from them, or dismiss the application; provided, however, that where the district director grants permission to defer payment and finds that the security the applicant intends to provide is not appropriate, the district director may request a change to it.

③Where the district director has granted permission or dismissed an application pursuant to the preceding paragraph, the district director is to notify the applicant of this by a document stating the amount subject to deferment and the conditions of deferment relating to the permission, or the fact of the dismissal and the reasons for it.

④Where the district director requests a change of security pursuant to the proviso to paragraph (2), the district director is to notify the applicant of this by a document stating that fact and the reasons for it.

⑤Where the district director has requested a change of security pursuant to the proviso to paragraph (2), if the applicant has not, within 20 days counting from the day following the day on which the applicant received the notice under the preceding paragraph, submitted the documents for provision of security relating to the change to the competent district director with jurisdiction over the place for tax payment, the district director may dismiss the application pursuant to paragraph (2).

⑥A person who intends to apply for permission to defer payment under paragraph (1) of the preceding Article may, where the person cannot submit, by the deadline for filing the written application referred to in paragraph (1), all or part of the documents for provision of security attached to that written application, as provided by Cabinet Order, submit to the competent district director with jurisdiction over the place for tax payment a written notification stating that fact, the day on which the person is to submit those documents for provision of security and other matters specified by Ministry of Finance Order (referred to as "written notification of extension of the deadline for submitting documents for provision of security" in the following paragraph and paragraph (27)). In this case, where the day on which the person is to submit them is not stated, the day on which three months have passed counting from the day following that deadline for filing is deemed to be stated.

⑦Where the applicant has submitted a written notification of extension of the deadline for submitting documents for provision of security pursuant to the preceding paragraph, the deadline for filing the documents for provision of security (limited to those relating to that written notification; the same applies in the following paragraph) is the day, stated in that written notification, on which those documents for provision of security are to be submitted (where that day is after the day on which three months have passed counting from the day following the deadline for filing in the preceding paragraph, the day on which those three months have passed).

⑧With regard to the application of paragraph (6) where a person to whom the preceding two paragraphs (including the case where they apply with terms replaced pursuant to this paragraph) have applied cannot submit the documents for provision of security by the day on which they are to be submitted as prescribed in the preceding paragraph, the phrase "where the person cannot submit, by the deadline for filing the written application referred to in paragraph (1), all or part of the documents for provision of security attached to that written application" in paragraph (6) is deemed to be replaced with "where the person cannot submit the documents for provision of security referred to in the following paragraph by the day on which they are to be submitted as prescribed in that paragraph"; provided, however, that the deadline for filing those documents for provision of security cannot be after the day on which six months have passed counting from the day following the deadline for filing the written application referred to in paragraph (1).

⑨With regard to the application of paragraph (2) in the case where the preceding three paragraphs apply, the phrase "that written application" in paragraph (2) is deemed to be replaced with "documents for provision of security (limited to those relating to the written notification of extension of the deadline for submitting documents for provision of security referred to in paragraph (6))".

⑩Where a written application under paragraph (1) has been submitted, if there are grounds specified by Cabinet Order, such as a deficiency in the statements in that written application, or a deficiency in the statements in the documents for provision of security or their non-submission, the district director may request the applicant to correct that written application or to correct or submit those documents for provision of security.

⑪Where the district director requests the correction of a written application or the correction or submission of documents for provision of security pursuant to the preceding paragraph, the district director is to notify the applicant of this by a document stating that fact and the reasons for it.

⑫An applicant who has been requested under paragraph (10) to correct the written application or to correct or submit the documents for provision of security must correct that written application or correct or submit those documents for provision of security within 20 days counting from the day following the day on which the applicant received the notice under the preceding paragraph. In this case, if the applicant has not corrected that written application or corrected or submitted those documents for provision of security within that period, the applicant is deemed to have withdrawn the application to defer payment on the day on which that period has passed.

⑬An applicant who has been requested under paragraph (10) to correct or submit documents for provision of security may, where the applicant cannot correct or submit those documents for provision of security by the day before the day on which the period has passed as referred to in the preceding paragraph, as provided by Cabinet Order, submit to the competent district director with jurisdiction over the place for tax payment a written notification stating that fact, the day on which the applicant is to correct or submit those documents for provision of security and other matters specified by Ministry of Finance Order (referred to as "written notification of extension of the deadline for completing documents for provision of security" in the following paragraph). In this case, where the day on which the applicant is to make the correction or submission is not stated, the day on which three months have passed counting from the day on which that period has passed is deemed to be stated.

⑭Where the applicant has submitted a written notification of extension of the deadline for completing documents for provision of security pursuant to the preceding paragraph, the deadline for correcting or submitting the documents for provision of security (limited to those relating to that written notification; the same applies in the following paragraph) is the day, stated in that written notification, on which those documents for provision of security are to be corrected or submitted (where that day is after the day on which three months have passed counting from the day on which the period has passed as referred to in the preceding paragraph, the day on which those three months have passed).

⑮With regard to the application of paragraph (13) where a person to whom the preceding two paragraphs (including the case where they apply with terms replaced pursuant to this paragraph) have applied cannot correct or submit the documents for provision of security by the day on which they are to be corrected or submitted as prescribed in the preceding paragraph, the phrase "the day before the day on which the period has passed as referred to in the preceding paragraph" in paragraph (13) is deemed to be replaced with "the day on which they are to be corrected or submitted as prescribed in the following paragraph"; provided, however, that the deadline for correcting or submitting those documents for provision of security cannot be after the day on which six months have passed counting from the day following the day on which the person received the notice under paragraph (11).

⑯With regard to the application of paragraph (2) in the case where paragraph (10) or the preceding three paragraphs apply, the phrase "within three months" in paragraph (2) is deemed to be replaced with "within the period obtained by adding to three months the period from the day following the day on which the applicant received the notice under paragraph (11) until the deadline for correcting the written application (limited to that relating to paragraph (10)) or the deadline for correcting or submitting the documents for provision of security (limited to those relating to paragraph (10)) or the documents for provision of security (limited to those relating to the written notification of extension of the deadline for completing documents for provision of security referred to in paragraph (13)) (referred to as the "deadline for submitting the application, etc." in this paragraph) (where there are multiple notices under paragraph (11), the period obtained by totaling the periods from the day following the day on which each notice was received until the deadline for submitting the application, etc. relating to each notice (where any of those periods overlap, the period excluding the period obtained by totaling the overlapping periods))".

⑰With regard to the application of the main clause of paragraph (2) in the case where a change of security has been requested pursuant to the proviso to paragraph (2), the phrase "the deadline for filing that written application" in the main clause of paragraph (2) is deemed to be replaced with "the deadline prescribed in paragraph (5)".

⑱A person who has been requested to change security pursuant to the proviso to paragraph (2) may, where the person cannot submit all or part of the documents for provision of security by the deadline prescribed in paragraph (5), as provided by Cabinet Order, submit to the competent district director with jurisdiction over the place for tax payment a written notification stating that fact, the day on which the person is to submit those documents for provision of security and other matters specified by Ministry of Finance Order (referred to as "written notification of extension of the deadline for submitting documents for provision of changed security" in the following paragraph and paragraph (27)). In this case, where the day on which the person is to submit them is not stated, the day on which three months have passed counting from the day following that deadline is deemed to be stated.

⑲Where the applicant has submitted a written notification of extension of the deadline for submitting documents for provision of changed security pursuant to the preceding paragraph, the deadline for filing the documents for provision of security (limited to those relating to that written notification; the same applies in the following paragraph) is the day, stated in that written notification, on which those documents for provision of security are to be submitted (where that day is after the day on which three months have passed counting from the day following the deadline in the preceding paragraph, the day on which those three months have passed).

⑳With regard to the application of paragraph (18) where a person to whom the preceding two paragraphs (including the case where they apply with terms replaced pursuant to this paragraph) have applied cannot submit the documents for provision of security by the day on which they are to be submitted as prescribed in the preceding paragraph, the phrase "the deadline prescribed in paragraph (5)" in paragraph (18) is deemed to be replaced with "the day on which they are to be submitted as prescribed in the following paragraph"; provided, however, that the deadline for filing those documents for provision of security cannot be after the day on which six months have passed counting from the day following the day on which the person received the notice under paragraph (4).

（二十一）With regard to the application of paragraphs (2) and (5) in the case where the preceding three paragraphs apply, the phrase "that written application" in paragraph (2) is deemed to be replaced with "documents for provision of security (limited to those relating to the written notification of extension of the deadline for submitting documents for provision of changed security referred to in paragraph (18))", and the phrase "within 20 days counting from the day following the day on which the applicant received the notice under the preceding paragraph, submitted the documents for provision of security relating to the change" in paragraph (5) is deemed to be replaced with "by the deadline for filing the documents for provision of security under paragraph (2) as it applies with terms replaced pursuant to paragraph (21), submitted those documents for provision of security relating to the change".

（二十二）With regard to the application of this Article to a person who is unable to carry out by the deadline the procedures relating to an application for permission to defer payment in the cases listed in the following items, the provisions of each of those items apply according to the category of cases listed in that item.

（二十三）In the case where, under paragraph (2), the district director conducts the investigation referred to in paragraph (2) and finds that the investigation requires a period exceeding three months, with regard to the application of paragraph (2), the phrase "three months" in paragraph (2) is deemed to be replaced with "six months".

（二十四）In the case where a district director conducts the investigation referred to in paragraph (2) pursuant to that paragraph, with regard to the application of paragraph (2) when a disaster or other unavoidable reason prescribed in Article 11 of the Act on General Rules for National Taxes has arisen, or when an unavoidable reason specified by Cabinet Order prescribed in paragraph (22), item (ii) has arisen, the phrase "within three months" in that paragraph is deemed to be replaced with "within the period obtained by adding to three months (six months, if paragraph (23) applies) the period of extension for a disaster or other unavoidable reason prescribed in the proviso to paragraph (8) as applied with the replacement of terms pursuant to paragraph (22), item (i), or the period specified by Cabinet Order prescribed in paragraph (22), item (ii)".

（二十五）In the case where paragraph (22) applies, when applying paragraph (2) as read with the replacement of terms pursuant to paragraph (9), (17) or (21), the provisions of the preceding paragraph do not apply.

（二十六）In the case where paragraph (23) or (24) applies, the district director notifies the applicant of that fact by a document stating that fact.

（二十七）In the case where correction or submission of documents for provision of security has been requested pursuant to paragraph (10), if a written notification of extension of the deadline for submitting documents for provision of security or a written notification of extension of the deadline for submitting documents for provision of changed security has been submitted with regard to the deferment of payment relating to those documents for provision of security, with regard to the application of paragraph (14) and the proviso to paragraph (15), the phrase "if that day is after the day on which three months have passed from the day that has passed referred to in the preceding paragraph, the day on which they have passed" in paragraph (14) is deemed to be replaced with "if that day is after the deadline under the written notification of extension of the deadline for submitting documents for provision of security referred to in paragraph (6) or the written notification of extension of the deadline for submitting documents for provision of changed security referred to in paragraph (18) with regard to the deferment of payment relating to the documents for provision of security for which that correction or submission is requested, that deadline", and the phrase "the day on which six months have passed from the day following the day on which notice was received pursuant to paragraph (11)" in the proviso to paragraph (15) with "the deadline under the written notification of extension of the deadline for submitting documents for provision of security referred to in paragraph (6) or the written notification of extension of the deadline for submitting documents for provision of changed security referred to in paragraph (18) with regard to the deferment of payment relating to the documents for provision of security for which that correction or submission is requested".

（二十八）If the district director does not grant permission to defer payment or reject the application to defer payment within the period prescribed in the main clause of paragraph (2) (where paragraph (9), (16), (17), (21), (23) or (24) applies, within the period prescribed in the main clause of paragraph (2) as applied with the replacement of terms pursuant to those provisions), permission to defer payment is deemed to have been granted under the conditions relating to that application.

（二十九）The provisions of the preceding paragraphs apply mutatis mutandis where a person liable for tax referred to in paragraph (3) of the preceding Article applies for permission to defer payment pursuant to that paragraph and where the district director grants or rejects permission relating to deferment of payment under that paragraph. In this case, the phrase "inheritance tax" in paragraph (1) is deemed to be replaced with "gift tax", and the phrase "paragraphs (1) and (2) of the preceding Article" in paragraph (2) with "paragraph (3) of the preceding Article".

（三十）A person who has received permission to defer payment may, where the person wishes to request a change to the conditions of deferment due to a subsequent change in financial circumstances or otherwise, submit to the district director who granted that permission a written application stating the conditions for which the change is requested and other matters specified by Ministry of Finance Order.

（三十一）The provisions of paragraphs (2) and (3) apply mutatis mutandis where a person who has received permission to defer payment pursuant to the preceding paragraph submits the written application referred to in that paragraph. In this case, the phrase "deadline for filing" in paragraph (2) is deemed to be replaced with "day of submitting", and the phrase "three months" with "one month".

（三十二）If the district director finds that it is not appropriate to permit deferment of payment under the conditions relating to the permission, due to a subsequent change in the financial circumstances of a person who has received permission to defer payment or otherwise, the district director may, after hearing that person's explanation, rescind that permission or shorten the deferment period or otherwise change the conditions of deferment.

（三十三）If the district director has rescinded permission to defer payment or changed the conditions of deferment pursuant to the preceding paragraph, the district director notifies the person liable for tax of that fact and the reasons by a document stating them.

①If the district director finds that there are reasonable grounds where a written application has been submitted pursuant to Article 39, paragraph (1) (including as applied mutatis mutandis pursuant to paragraph (29) of that Article), the district director may grant a grace period for the collection of all or part of the inheritance tax or gift tax.

②The district director may rescind permission to defer payment if a person who has received that permission is in arrears on the amount subject to deferment (including an amount equivalent to interest tax or delinquent tax relating to that amount subject to deferment) or otherwise violates the conditions of deferment, if that person has not complied with an order under Article 51, paragraph (1) (Change to Security) of the Act on General Rules for National Taxes concerning the security for that amount subject to deferment, if compulsory liquidation procedures prescribed in Article 2, item (xii) (Definitions) of the National Tax Collection Act (Act No. 147 of 1959) have been commenced with respect to the property serving as security for that amount subject to deferment, or if a person who has received that permission dies and the heir makes a qualified acceptance. In this case, except where those compulsory liquidation procedures have been commenced and where a qualified acceptance has been made, the district director must hear that person's explanation in advance.

③If the district director has rescinded permission to defer payment pursuant to the preceding paragraph, the district director notifies the person liable for tax of that fact and the reasons by a document stating them.

①Where there are grounds on which it is difficult for a person liable for tax to pay in money, even by deferment of payment, the amount of inheritance tax to be paid pursuant to Article 33 of this Act or Article 35, paragraph (2) (Payment of National Tax using the Self-Assessment System) of the Act on General Rules for National Taxes, the district director may, upon application by the person liable for tax, grant permission for payment in kind, up to the amount specified by Cabinet Order as the amount for which payment is difficult. In this case, if the district director finds that, owing to the nature, form or other characteristics of the property to be applied to payment in kind (hereinafter referred to as "property for payment in kind"), there are unavoidable circumstances for accepting property for payment in kind of a value exceeding the amount specified by Cabinet Order, the district director may grant permission for payment in kind exceeding the amount specified by Cabinet Order.

②The property that may be applied to payment in kind under the preceding paragraph is the following property, among the property that became the basis for calculating the taxable value of the person liable for tax (including property acquired by means of that property and excluding property subject to the application of the provisions of Article 21-9, paragraph (3)) that is located in the area where this Act is enforced (excluding property specified by Cabinet Order as unsuitable for management or disposal (referred to as "property unsuitable for management or disposal" in Article 45, paragraph (1))):

③The short-term corporate bonds, etc. prescribed in item (ii), (b) of the preceding paragraph are the following:

④The case where property of lower priority for payment in kind (meaning property that is property for payment in kind but is specified by Cabinet Order as being of a lower order of priority for payment in kind than other property; the same applies hereinafter in this paragraph and Article 45, paragraph (1)), among the property listed in the items of paragraph (2), may be used for payment in kind is limited, except where the district director finds that there are special circumstances, to the case where there is no property of an appropriate value among the property listed in the respective items of paragraph (2) that does not fall under property of lower priority for payment in kind and that the person liable for tax actually holds at the time of the application for permission for payment in kind.

⑤The case where property listed in paragraph (2), item (ii), (b) through (e) (excluding that listed on a financial instruments exchange and other property specified by Ministry of Finance Order as easy to convert into cash; the same applies hereinafter in this paragraph) or property listed in paragraph (2), item (iii) may be used for payment in kind is limited, except where the district director finds that there are special circumstances, to the case where, among what the person liable for tax actually holds at the time of the application for permission for payment in kind, there is no property of an appropriate value, as to the property listed in item (ii), (b) through (e) of that paragraph, among the property listed in item (i) of that paragraph and, of the property listed in item (ii) of that paragraph, that specified by Ministry of Finance Order as easy to convert into cash, and as to the property listed in item (iii) of that paragraph, among the property listed in items (i) and (ii) of that paragraph.

①A person who intends to apply for permission for payment in kind under paragraph (1) of the preceding Article must, by the due date for payment of the inheritance tax for which payment in kind is sought or on the date on which it is to be paid, attach to a written application stating the amount for which payment in money is difficult and the reason for that difficulty, the amount of tax for which payment in kind is sought, the type and value of the property to be used for payment in kind, and other matters specified by Ministry of Finance Order, the documents specified by Ministry of Finance Order as necessary for the procedures for payment in kind (referred to as "documents for payment in kind procedures" in this Chapter), and submit them to the competent district director with jurisdiction over the place for tax payment.

②When a written application has been submitted pursuant to the preceding paragraph, the district director conducts an investigation of the applicant and the matters relating to the application as to whether the requirements of the preceding Article are met, and, based on that investigation, within three months from the day following the deadline for filing that written application, either grants permission for payment in kind relating to the application or rejects the application, for all or part of the amount of tax relating to the application, for each item of property for payment in kind.

③If the district director has granted permission or rejected the application pursuant to the preceding paragraph, the district director notifies the applicant of this by a document stating the amount of tax and the property for payment in kind relating to the permission, or the fact of the rejection and the reason for it.

④A person who intends to apply for permission for payment in kind under paragraph (1) of the preceding Article may, if the person is unable, by the deadline for filing the written application referred to in paragraph (1), to submit all or part of the documents for payment in kind procedures attached to that written application, submit to the competent district director with jurisdiction over the place for tax payment, as provided by Cabinet Order, a written notification (referred to as a "written notification of extension of the deadline for submitting documents for payment in kind procedures" in the following paragraph and paragraph (15)) stating that fact, the date on which the documents for payment in kind procedures will be submitted, and other matters specified by Ministry of Finance Order. In this case, if the date of submission is not stated, the day on which three months have elapsed from the day following that deadline for filing is deemed to be stated.

⑤If the applicant has submitted a written notification of extension of the deadline for submitting documents for payment in kind procedures pursuant to the preceding paragraph, the deadline for submitting the documents for payment in kind procedures (limited to those relating to that written notification of extension of the deadline for submitting documents for payment in kind procedures; the same applies in the following paragraph) is the date stated in that written notification of extension of the deadline for submitting documents for payment in kind procedures for submitting those documents for payment in kind procedures (if that date is after the day on which three months have elapsed from the day following the deadline for filing referred to in the preceding paragraph, the day on which the three months elapse).

⑥With regard to the application of paragraph (4) in the case where a person to whom the preceding two paragraphs (including the case where they apply as replaced pursuant to this paragraph) have applied is unable to submit documents for payment in kind procedures by the date of submission prescribed in the preceding paragraph, the phrase "by the deadline for filing the written application referred to in paragraph (1), to submit all or part of the documents for payment in kind procedures attached to that written application" in paragraph (4) is deemed to be replaced with "by the date of submission prescribed in the following paragraph, to submit the documents for payment in kind procedures referred to in that paragraph"; provided, however, that the deadline for submitting those documents for payment in kind procedures cannot be set after the day on which one year has elapsed from the day following the deadline for filing the written application referred to in paragraph (1).

⑦With regard to the application of paragraph (2) in the case where the preceding three paragraphs apply, the phrase "that written application" in paragraph (2) is deemed to be replaced with "documents for payment in kind procedures (limited to those relating to the written notification of extension of the deadline for submitting documents for payment in kind procedures referred to in paragraph (4))".

⑧If a written application has been submitted pursuant to the provisions of paragraph (1), and there is a defect in the statement in that written application, a defect in the statement in, or a failure to submit, the documents for payment in kind procedures, or any other ground specified by Cabinet Order, the district director may request the applicant to correct that written application or to correct or submit those documents for payment in kind procedures.

⑨If the district director requests correction of a written application or correction or submission of documents for payment in kind procedures pursuant to the preceding paragraph, the district director notifies the applicant of this by a document stating that fact and the reason for it.

⑩An applicant who has been requested pursuant to paragraph (8) to correct the written application or to correct or submit the documents for payment in kind procedures must correct that written application or correct or submit those documents for payment in kind procedures within 20 days from the day following the day on which the applicant received the notice pursuant to the preceding paragraph. In this case, if the applicant has not corrected that written application or corrected or submitted those documents for payment in kind procedures within that period, the applicant is deemed to have withdrawn the application for payment in kind on the day on which that period elapsed.

⑪An applicant who has been requested pursuant to paragraph (8) to correct or submit documents for payment in kind procedures may, if the applicant is unable to correct or submit the documents for payment in kind procedures by the day before the elapsed day referred to in the preceding paragraph, submit to the competent district director with jurisdiction over the place for tax payment, as provided by Cabinet Order, a written notification (referred to as a "written notification of extension of the deadline for completing documents for payment in kind procedures" in the following paragraph) stating that fact, the date on which the documents for payment in kind procedures will be corrected or submitted, and other matters specified by Ministry of Finance Order. In this case, if the date of correction or submission is not stated, the day on which three months have elapsed from that elapsed day is deemed to be stated.

⑫If the applicant has submitted a written notification of extension of the deadline for completing documents for payment in kind procedures pursuant to the preceding paragraph, the deadline for correcting or submitting the documents for payment in kind procedures (limited to those relating to that written notification of extension of the deadline for completing documents for payment in kind procedures; the same applies in the following paragraph) is the date stated in that written notification of extension of the deadline for completing documents for payment in kind procedures for correcting or submitting those documents for payment in kind procedures (if that date is after the day on which three months have elapsed from the elapsed day referred to in the preceding paragraph, the day on which the three months elapse).

⑬With regard to the application of paragraph (11) in the case where a person to whom the preceding two paragraphs (including the case where they apply as replaced pursuant to this paragraph) have applied is unable to correct or submit documents for payment in kind procedures by the date of correction or submission prescribed in the preceding paragraph, the phrase "the day before the elapsed day referred to in the preceding paragraph" in paragraph (11) is deemed to be replaced with "the date of correction or submission prescribed in the following paragraph"; provided, however, that the deadline for correcting or submitting those documents for payment in kind procedures cannot be set after the day on which one year has elapsed from the day following the day on which the notice pursuant to paragraph (9) was received.

⑭With regard to the application of paragraph (2) in the case where paragraph (8) or the preceding three paragraphs apply, the phrase "within three months" in paragraph (2) is deemed to be replaced with "within the period obtained by adding to three months the period from the day following the day on which the applicant received the notice pursuant to the provisions of paragraph (9) until the deadline for correcting the written application (limited to that relating to the provisions of paragraph (8)) or the deadline for correcting or submitting the documents for payment in kind procedures (limited to those relating to the provisions of paragraph (8)) or the documents for payment in kind procedures (limited to those relating to the written notification of extension of the deadline for completing documents for payment in kind procedures referred to in paragraph (11)) (referred to as the "deadline for submitting the application, etc." in this paragraph) (where there are multiple notices pursuant to the provisions of paragraph (9), the period obtained by aggregating the periods from the day following the day on which each notice was received until the deadline for submitting the application, etc. relating to each notice (where some of these periods overlap, the period excluding the period obtained by aggregating those overlapping periods))".

⑮If correction or submission of documents for payment in kind procedures is requested pursuant to the provisions of paragraph (8), and a written notification of extension of the deadline for submitting documents for payment in kind procedures has been submitted for the property for payment in kind relating to those documents for payment in kind procedures, with regard to the application of paragraph (12) and the proviso to paragraph (13), the phrase "if that date is after the day on which three months have elapsed from the elapsed day referred to in the preceding paragraph, the day on which the three months elapse" in paragraph (12) is deemed to be replaced with "if that date is after the deadline under the written notification of extension of the deadline for submitting documents for payment in kind procedures referred to in paragraph (4) for the property for payment in kind relating to the documents for payment in kind procedures for which that correction or submission is requested, that deadline", and the phrase "the day on which one year has elapsed from the day following the day on which the notice pursuant to paragraph (9) was received" in the proviso to paragraph (13) with "the deadline under the written notification of extension of the deadline for submitting documents for payment in kind procedures referred to in paragraph (4) for the property for payment in kind relating to the documents for payment in kind procedures for which that correction or submission is requested".

⑯In the case where, when the district director conducts the investigation referred to in paragraph (2) pursuant to the provisions of that paragraph, the district director finds that the investigation will require a period exceeding three months because the property for payment in kind relating to the written application referred to in that paragraph is numerous or for other reasons, with regard to the application of paragraph (2), the phrase "three months" in paragraph (2) is deemed to be replaced with "six months".

⑰In the case where, when the district director conducts the investigation referred to in paragraph (2) pursuant to the provisions of that paragraph, the district director finds that the investigation will require a period exceeding six months because of heavy snowfall or other circumstances equivalent thereto, with regard to the application of the preceding paragraph, the phrase "six months" in the preceding paragraph is deemed to be replaced with "nine months".

⑱In the case where, when the district director conducts the investigation referred to in paragraph (2) pursuant to the provisions of that paragraph, a disaster or other unavoidable reason prescribed in Article 11 (Extension of Time Limits due to Disasters and Similar Causes) of the Act on General Rules for National Taxes has arisen, or an unavoidable reason specified by Cabinet Order prescribed in paragraph (28), item (ii) has arisen, with regard to the application of paragraph (2), the phrase "within three months" in paragraph (2) is deemed to be replaced with "within the period obtained by adding to three months (six months where the provisions of paragraph (16) apply, and nine months where the provisions of paragraph (17) apply) the period of extension for a disaster or other unavoidable reason prescribed in the proviso to paragraph (6) as applied with replacement of terms pursuant to the provisions of paragraph (28), item (i), or the period specified by Cabinet Order prescribed in paragraph (28), item (ii)".

⑲Where the provisions of the preceding three paragraphs apply, the district director is to notify the applicant of that fact by a document stating that fact.

⑳When the district director intends to grant the permission under paragraph (2), the district director may order the applicant, setting a deadline within a period not exceeding one year, to take measures necessary for accepting the property for payment in kind, such as removal of waste.

（二十一）Where the district director orders the taking of measures pursuant to the provisions of the preceding paragraph, the district director is to notify the applicant of that fact by a document stating that fact.

（二十二）Where the district director has ordered the taking of the measures in paragraph (20), if those measures are not taken by the deadline in that paragraph (or, where the written notification of extension of the deadline for measures for acceptance in the following paragraph has been filed, the deadline prescribed in paragraph (24)), the district director may reject the application for payment in kind pursuant to the provisions of paragraph (2).

（二十三）An applicant who has been ordered to take the measures in paragraph (20) pursuant to the provisions of that paragraph may, if unable to take those measures by the deadline in that paragraph, file with the competent district director with jurisdiction over the place for tax payment, as specified by Cabinet Order, a written notification stating that fact, the date on which those measures will be taken, and other matters specified by Ministry of Finance Order (referred to as the "written notification of extension of the deadline for measures for acceptance" in the following paragraph). In this case, where the date on which those measures will be taken is not stated, the date on which three months have elapsed from the day following that deadline is deemed to be stated.

（二十四）Where the applicant has filed a written notification of extension of the deadline for measures for acceptance pursuant to the provisions of the preceding paragraph, the deadline in paragraph (20) for the measures in paragraph (20) (limited to those relating to that written notification of extension of the deadline for measures for acceptance; the same applies in the following paragraph) is the date for taking those measures stated in that written notification of extension of the deadline for measures for acceptance (where that date is after the date on which three months have elapsed from the day following the deadline in the preceding paragraph (where that date is after the date on which one year has elapsed from the day following the day on which the notice under the provisions of paragraph (21) was received, the date on which that year elapses), the date on which those three months elapse).

（二十五）With regard to the application of the provisions of paragraph (23) in the case where a person to whom the provisions of the preceding two paragraphs (including where applied with the replacement of terms pursuant to the provisions of this paragraph) apply is unable to take the measures in paragraph (20) by the date for taking those measures prescribed in the preceding paragraph, the phrase "the deadline in that paragraph" in paragraph (23) is deemed to be replaced with "the date for taking those measures prescribed in the following paragraph"; provided, however, that the deadline in paragraph (20) cannot be later than the date on which one year has elapsed from the day following the day on which the notice under the provisions of paragraph (21) was received.

（二十六）With regard to the application of the provisions of paragraph (2) in the case where the provisions of paragraph (20) or the preceding three paragraphs apply, the phrase "within three months" in paragraph (2) is deemed to be replaced with "within the period obtained by adding to three months the period from the day following the day on which the notice under the provisions of paragraph (21) was received until the deadline in paragraph (20) (or, where the written notification of extension of the deadline for measures for acceptance in paragraph (23) has been filed, the deadline prescribed in paragraph (24))".

（二十七）Where the measures in paragraph (20) have been taken, the applicant must, without delay, file with the competent district director with jurisdiction over the place for tax payment a written notification stating that fact and other matters specified by Ministry of Finance Order.

（二十八）With regard to the application of the provisions of this Article to a person who is unable to carry out by the deadline the procedures relating to an application for permission for payment in kind in the cases set forth in the following items, the matters prescribed in each of those items apply according to the category of cases set forth in that item:

（二十九）In the case where the provisions of the preceding paragraph apply, when applying the provisions of paragraph (2) as read pursuant to the provisions of paragraph (7), the provisions of paragraph (18) do not apply.

（三十）When granting permission for payment in kind pursuant to the provisions of paragraph (2), if the district director finds it necessary in light of the nature of the property for payment in kind and other circumstances, the district director may attach conditions to that permission to the extent necessary. In this case, the district director is to notify the applicant of the conditions by a document stating the conditions attached to that permission.

（三十一）Where the district director neither grants permission for payment in kind nor rejects the application for payment in kind within the period prescribed in paragraph (2) (or, where the provisions of paragraph (7), (14), (16) (including as applied with the replacement of terms pursuant to the provisions of paragraph (17)), (18) or (26) apply, within the period prescribed in paragraph (2) as applied with the replacement of terms pursuant to those provisions), the permission for that payment in kind is deemed to have been granted.

（三十二）The provisions of Article 40, paragraph (1) apply mutatis mutandis to the case where a written application has been submitted pursuant to the provisions of paragraph (1).

（三十三）In addition to what is provided for in the preceding paragraphs, the procedures for payment in kind and other matters necessary for payment in kind are to be specified by Cabinet Order.

①The accepted value of property for payment in kind is the value of that property that served as the basis for calculating the taxable value; provided, however, that if a significant change has occurred 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 condition at the time of acceptance.

②Inheritance tax corresponding to the amount of tax for which permission for payment in kind has been obtained is deemed to have been paid at the time when the delivery of the property for payment in kind, the registration of the transfer of ownership, or another requirement under laws and regulations for asserting rights against third parties has been satisfied.

③Where inheritance tax has been paid after obtaining permission for payment in kind and there is an amount of overpayment or payment by mistake with respect to that inheritance tax, the property applied to that payment in kind may, upon application by the person liable for tax, be applied to the refund of that amount of overpayment or payment by mistake; provided, however, that this does not apply where that property has been converted into money, where it is being put to official or public use or is reliably expected to be so used, or where that amount of overpayment or payment by mistake is less than one-half of the accepted value of that property.

④The value of the property in the case where it is applied to the refund of an amount of overpayment or payment by mistake pursuant to the provisions of the preceding paragraph is the accepted value (or, where the State has spent beneficial expenses on that property, the amount obtained by adding the amount corresponding to the amount of those expenses).

⑤A person who wishes to receive a refund of an amount of overpayment or payment by mistake with property applied to payment in kind pursuant to the provisions of paragraph (3) must submit to the district director who granted that permission for payment in kind a written application stating that amount of overpayment or payment by mistake, the type and accepted value of the property for which the refund is sought, and other matters specified by Ministry of Finance Order.

⑥In the case where a person wishes to receive a refund of an amount of overpayment or payment by mistake with property applied to payment in kind pursuant to the provisions of paragraph (3), if that amount of overpayment or payment by mistake is less than the value of that property, the person seeking that refund must pay to the State in advance an amount corresponding to the difference between the value of that property and that amount of overpayment or payment by mistake.

⑦In addition to what is provided for in the preceding paragraphs, the matters necessary for the procedures for accepting property for payment in kind or for refunding amounts of overpayment or payment by mistake are to be specified by Cabinet Order.

①Where an application has been made pursuant to the provisions of Article 41, paragraph (1), and the district director has rejected the application for payment in kind pursuant to the provisions of Article 42, paragraph (2) because the district director found that there was no reason that made it difficult to pay in money by deferment of payment, or has rejected the application with respect to a part of the amount of inheritance tax relating to the application pursuant to the provisions of Article 42, paragraph (2) because the district director found that the amount for which payment is difficult prescribed in Article 41, paragraph (1) was less than the amount relating to the application, the district director may, upon an application by the applicant made within 20 days from the day following the date of those rejections, grant permission to defer payment of the amount of inheritance tax subject to those rejections, up to the amount specified by Cabinet Order as the portion of that amount of inheritance tax that is difficult to pay in money in a lump sum.

②The provisions of Article 38, paragraphs (1), (2) and (4), Article 39 (excluding paragraph (29)) and Article 40 apply mutatis mutandis to deferment of payment under the provisions of the preceding paragraph. In this case, the necessary technical replacement of terms is to be specified by Cabinet Order.

①Where an application has been made pursuant to the provisions of Article 41, paragraph (1), and the district director has rejected that application pursuant to the provisions of Article 42, paragraph (2) because the property for payment in kind relating to the application for permission for payment in kind under Article 41, paragraph (1) falls under property unsuitable for management or disposal or property of lower priority for payment in kind, the district director may, upon an application by the applicant made within 20 days from the day following the date of that rejection (limited to an application relating to property for payment in kind other than that property for payment in kind), permit payment in kind up to the amount specified by Cabinet Order as the amount for which payment is difficult prescribed in Article 41, paragraph (1).

②The provisions of Articles 41 through 43 apply mutatis mutandis to payment in kind under the preceding paragraph. In this case, the necessary technical replacement of terms is specified by Cabinet Order.

①If, among the real property for which the district director has granted permission for payment in kind pursuant to Article 42, paragraph (2) (including as applied mutatis mutandis pursuant to paragraph (2) of the preceding Article), there is real property that is subject to a leasehold or another right to use real property, and the person who received that permission for payment in kind subsequently pays the inheritance tax subject to the payment in kind in a lump sum in money, or pays it after receiving permission to defer payment pursuant to paragraph (3) of the following Article, the district director may, even after the acceptance of that real property, approve the withdrawal of payment in kind of that real property upon an application of that person made within one year from the day following the day on which that permission for payment in kind was received; provided, however, that this does not apply if that real property has been converted into money or is being used for governmental or public purposes or is reliably expected to be so used.

②A person who intends to apply for the withdrawal of payment in kind under the preceding paragraph must submit to the competent district director with jurisdiction over the place for tax payment a written application stating the reason for which the person seeks approval of that withdrawal and other particulars specified by Ministry of Finance Order.

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), and, based on that investigation, is to approve the application or reject it within three months from the day following the day on which the written application was submitted.

④In the case referred to in the preceding paragraph, if an application for withdrawal of payment in kind is made for part of two or more items of real property for which permission for payment in kind was granted, or if the real property for which permission for payment in kind was granted is one item and an application for withdrawal of payment in kind is made for part of it after dividing it (limited to the case where, among the property for payment in kind other than the property for which those applications were made, there is property specified by Cabinet Order as unsuitable for management or disposal as a result of that withdrawal of payment in kind (referred to as "unsuitable property" in this Article)), the district director may request that the unsuitable property be added to the property subject to the application for withdrawal of payment in kind, and may approve that withdrawal or reject the application under that paragraph 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 day on which the written application was submitted" in that paragraph is deemed to be replaced with "two months from the day following the day on which the notice under paragraph (6) was issued".

⑤In 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) to be paid, the district director may approve the withdrawal of payment in kind under paragraph (3) or reject the application for withdrawal of payment in kind 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) was issued. In this case, with regard to the application of paragraph (3), the phrase "three months from the day following the day on which the written application was submitted" in that paragraph is deemed to be replaced with "two months from the day following the day on which the notice under paragraph (10) was issued".

⑥When the district director approves the withdrawal of payment in kind under paragraph (3), rejects the application for that withdrawal, or requests under paragraph (4) the addition of unsuitable property to the property subject to that application, the district director is to notify the applicant of it by a document stating the matters prescribed in each of the following items according to the case classification set forth in that item:

⑦If a request has been made for the addition of unsuitable property to the property subject to the application for withdrawal of payment in kind under paragraph (4), and the applicant does not comply with the request within 20 days from the day following the day on which the applicant received the notice under the preceding paragraph (limited to item (iii)) (or, if the district director finds that there are unavoidable circumstances preventing the applicant from complying with the request within that period, by the day designated by the district director), the applicant is deemed to have withdrawn the application.

⑧With regard to the application of paragraph (3) in the case where the district director finds that there are unavoidable circumstances as prescribed in the preceding paragraph, the phrase "three months from the day following the day on which the written application was submitted" in that paragraph is deemed to be replaced with "one month from the day following the day designated by the district director under paragraph (7)".

⑨A person who intends to receive approval of the withdrawal of payment in kind under paragraph (3) must pay money equivalent to the amount of beneficial expenses, if any, that the State has expended for the property subject to that withdrawal; provided, however, that this does not apply if the approval could not be received for that property.

⑩If the district director approves the withdrawal of payment in kind under paragraph (3) and, among the inheritance tax subject to that withdrawal, there is inheritance tax to be paid in a lump sum in money or beneficial expenses under the preceding paragraph to be paid, the district director is to notify the applicant of it in advance by a document stating the amount of that inheritance tax and the amount of those beneficial expenses. In this case, if the applicant does not pay in full the inheritance tax and the beneficial expenses subject to the notice within one month from the day following the day on which the notice was issued, the applicant is deemed to have withdrawn the application for that withdrawal.

⑪If the district director neither approves the withdrawal of payment in kind nor rejects the application within the period prescribed in paragraph (3) (or, if paragraph (4), paragraph (5) or paragraph (8) is applicable, within the period prescribed in paragraph (3) as applied with the terms replaced pursuant to those provisions), the withdrawal is deemed to have been approved.

⑫In addition to what is provided for in the preceding paragraphs, other particulars necessary for procedures concerning the withdrawal of payment in kind are specified by Cabinet Order.

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".