①The provisions of Article 70-4 of the New Act apply to gift tax on gifts of farmland, etc. prescribed in paragraph (1) of that Article made on or after January 1, 1992 (excluding gifts that take effect upon the death of the donor; the same applies in the following paragraph), and the provisions then in force continue to govern gifts of farmland, etc. prescribed in Article 70-4, paragraph (1) of the Former Act made before that date.

②The provisions of Article 70-5 of the New Act apply to inheritance tax on inheritance or bequest (including a gift that takes effect upon the death of the donor; hereinafter the same applies in this Article) resulting from the death in the case where, on or after January 1, 1992, a donor of farmland, etc. prescribed in Article 70-4, paragraph (1) of the New Act pertaining to gift tax to which the provisions of that paragraph apply dies, or in the case where, on or after that date, a donor of farmland, etc. prescribed in Article 70-4, paragraph (1) of the Former Act pertaining to gift tax to which the provisions of that paragraph apply (hereinafter referred to as a "donor of farmland, etc. under the Former Act" in this paragraph) dies, and the provisions then in force continue to govern inheritance tax on inheritance or bequest resulting from the death in the case where a donor of farmland, etc. under the Former Act died before that date.

③The provisions of Article 70-6 of the New Act apply to inheritance tax on inheritance or bequest in the case where the property acquired, as prescribed in paragraph (1) of that Article, by inheritance or bequest on or after January 1, 1992 includes farmland, pasture land or quasi-farmland prescribed in that paragraph.

④In the case specified by Cabinet Order as the case where, among the property that a farming heir prescribed in Article 70-6, paragraph (1) of the New Act acquired, as prescribed in that paragraph, by inheritance or bequest during the period from January 1, 1992 to December 31, 1992, farmland or pasture land prescribed in Article 70-4, paragraph (2), item (i) or (ii) of the New Act (hereinafter referred to as "farmland, etc." in this paragraph) that fell under specified farmland, etc. in an urbanization promotion area prescribed in item (iii) of that paragraph (hereinafter referred to as "specified farmland, etc. in an urbanization promotion area" in this Article) at the time of that acquisition has, by that date, come to fall under the farmland, etc. listed in any of the following items due to a decision on or change to a city plan under the provisions of the City Planning Act (Act No. 100 of 1968), the provisions of Article 70-6 of the New Act may be applied to the inheritance tax pertaining to that farming heir, upon the request of that farming heir, by deeming that farmland, etc. to have fallen under the farmland, etc. listed in that item at the time of that acquisition:

⑤With regard to inheritance tax on inheritance or bequest in the case where the property acquired, as prescribed in Article 70-6, paragraph (1) of the Former Act, before January 1, 1992 includes farmland, pasture land or quasi-farmland prescribed in that paragraph, the provisions of that Article remain in force. In this case, the phrase "大蔵省令" (Order of the Ministry of Finance, under the Ministry's former Japanese name) in paragraph (10) of that Article is deemed to be replaced with "財務省令" (Order of the Ministry of Finance).

⑥With regard to special farmland, etc. prescribed in Article 70-6, paragraph (1) of the Former Act to which the provisions of that paragraph, which remain in force pursuant to the provisions of the preceding paragraph, apply, and which falls under specified farmland, etc. in an urbanization promotion area on April 1, 1997 (limited to that pertaining to an inheritance that commenced during the period from January 1, 1991 to December 31, 1991), if the farming heir prescribed in that paragraph has, pursuant to the provisions of Cabinet Order, obtained the approval of the district director having jurisdiction over the place for tax payment with regard to the expectation that the farming heir will, during the period from April 1, 2004 to March 31, 2007, make a conversion of all or part of that specified farmland, etc. in an urbanization promotion area that satisfies the requirements listed in any of the following items, then, with regard to the application of the proviso to that paragraph and paragraph (7) of that Article to that farming heir, the conversion pertaining to that approval is deemed not to fall under a transfer, etc. prescribed in those provisions. In this case, if the conversion pertaining to that approval has been made for all of that special farmland, etc., that farming heir is deemed not to fall under the case listed in paragraph (1), item (ii) of that Article.

⑦The district director referred to in the preceding paragraph may refuse to grant the approval referred to in that paragraph if, when an application for that approval has been filed, there are grounds for finding that the construction work pertaining to the requirements listed in the items of that paragraph will not be commenced by March 31, 2007.

⑧In the case referred to in paragraph (6), with regard to the application of the provisions of Article 70-6, paragraphs (7) and (9) of the Former Act, which remain in force pursuant to the provisions of paragraph (5), when the approval of the district director referred to in paragraph (6) has been obtained, the following applies:

⑨In the case where a farming heir prescribed in paragraph (6) who has obtained the approval prescribed in that paragraph holds special farmland, etc. referred to in that paragraph (excluding specified farmland, etc. in an urbanization promotion area for which that approval has been obtained; hereinafter the same applies in this paragraph), if the farming heir has made a transfer, etc. prescribed in Article 70-6, paragraph (1), item (i) of the Former Act (excluding a transfer by expropriation or exchange, etc. prescribed in that item and any other transfer or establishment specified by Cabinet Order) of an area of that special farmland, etc. exceeding 20 percent of the area of that special farmland, etc., or has discontinued the agricultural management pertaining to that special farmland, etc., the provisions of the proviso to Article 70-6, paragraph (1) of the Former Act, which remains in force pursuant to the provisions of paragraph (5), apply to that special farmland, etc. by deeming it to fall under the case listed in any of the items of that paragraph; provided, however, that this does not apply to specified farmland, etc. in an urbanization promotion area pertaining to that approval.

⑩A farming heir prescribed in paragraph (6) who has obtained the approval prescribed in that paragraph must, until the tax payment grace period deadline, submit to the district director having jurisdiction over the place for tax payment, pursuant to the provisions of Cabinet Order, a written notification stating that the farming heir continues to satisfy the requirements listed in the items of that paragraph, by the day on which each three-year period elapses, counting from the day following the day on which that approval was obtained.

⑪If the written notification referred to in the preceding paragraph is not submitted by the time limit prescribed in that paragraph, then, with regard to the inheritance tax prescribed in paragraph (6), notwithstanding the provisions of that paragraph, the day on which two months have elapsed from the day following that time limit (or, if the farming heir pertaining to that inheritance tax dies after that time limit and on or before that day, the day on which six months have elapsed from the day following the day on which an heir of that farming heir came to know of the commencement of the succession due to the death of that farming heir) is the time limit pertaining to the tax payment grace period under the provisions of Article 70-6, paragraph (7) of the Former Act, which remains in force pursuant to the provisions of paragraph (5).

⑫Even if the copy of the certificate referred to in paragraph (6), item (ii)(d) or the written notification referred to in paragraph (10) has not been submitted by the deadline for filing or the time limit prescribed in paragraph (10), if the district director prescribed in those provisions finds that there were unavoidable circumstances for the failure to submit it within those time limits, and the copy of the certificate or the written notification has been submitted to that district director pursuant to the provisions of Cabinet Order, the copy of the certificate or the written notification is deemed to have been submitted within those time limits with regard to the application of the provisions of paragraph (8), item (ii) or the preceding paragraph.

⑬If a farming heir to whom the provisions of Article 70-6, paragraph (1) of the Former Act, which remain in force pursuant to the provisions of paragraph (5), apply has, during the period from January 1, 1992 to December 31, 1994, made a transfer referred to in item (i) of that paragraph of specified farmland, etc. in an urbanization promotion area to which the provisions of that paragraph apply (limited to that pertaining to an inheritance that commenced before January 1, 1985) to the State, a local government, the Housing and Urban Development Corporation or any other corporation specified by Cabinet Order, the provisions of the proviso to that paragraph and paragraph (7) of that Article apply to that transfer by deeming it to be a transfer by expropriation or exchange, etc. prescribed in that item.

⑭Beyond what is provided for in the preceding paragraphs, matters concerning the application of the provisions of Article 70-5 of the New Act to inheritance tax on inheritance or bequest resulting from the death in the case where a donor of farmland, etc. under the Former Act prescribed in paragraph (2) dies on or after January 1, 1992, and other necessary matters concerning the application of the provisions of the preceding paragraphs, are specified by Cabinet Order.

⑮The provisions of Article 70-7 of the New Act (limited to the part pertaining to the ratio prescribed in paragraph (1) of that Article and the part pertaining to paragraphs (6) and (7) of that Article) apply to inheritance tax pertaining to permission for payment in installments under the provisions of Article 38, paragraph (1) or Article 43, paragraph (5) of the Inheritance Tax Act (Act No. 73 of 1950) granted on or after the Effective Date, and, except as provided in paragraphs (17) and (18), the provisions then in force continue to govern inheritance tax for which permission for payment in installments under those provisions was granted before the Effective Date.

⑯The provisions of Article 70-7 of the New Act (excluding the part pertaining to the ratio prescribed in paragraph (1) of that Article and the part pertaining to paragraphs (6) and (7) of that Article) apply to inheritance tax on property acquired by inheritance or bequest on or after the date on which the Forest Act Amendment Act comes into effect, and the provisions then in force continue to govern inheritance tax on property acquired by inheritance or bequest before that date.

⑰In the case where there is an amount of inheritance tax for which permission for payment in installments was granted before the Effective Date and for which the ratio of the value of standing timber located within the district for which a forest operation plan prescribed in Article 70-7, paragraph (1) of the Former Act has been established to the total value of the property that formed the basis for calculating that amount of inheritance tax is three-tenths or more and less than four-tenths, if the person who was granted that permission files an application, pursuant to the provisions of Cabinet Order, with regard to the installment payments pertaining to the payment in installments whose due date for payment arrives on or after the Effective Date, 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 those installment payments in accordance with the provisions of Article 70-7, paragraph (1) or (2) of the New Act.

⑱In the case prescribed in the preceding paragraph, if a person who was granted permission for payment in installments before the Effective Date has submitted the documents prescribed in Article 70-7, paragraph (5) of the New Act to the district director having jurisdiction over the place for tax payment by the due date for payment of the installment payment pertaining to the payment in installments that first arrives on or after the Effective Date, the portion of the interest tax pertaining to the amount of inheritance tax for which the due date for payment of an installment payment pertaining to the payment in installments 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.