Article 1.　In case the decedent has his domicile in the territory where this Law is prevailing or the estate is located in the territory where this Law is prevailing, at the time of inheritance, the following persons shall be liable to pay the estate tax according to this Law:

Article 2.　In case the decedent has his domicile in the territory where this Law is prevailing, the estate tax shall be imposed on the whole of the estate.

Article 3.　In case the donor has his domicile in the territory where this Law is prevailing during the year in which the donation has been made the gift tax shall be imposed on the whole of the donated property.

Article 4.　The following properties shall be regarded as the estate:

Article 5.　In case a person other than the trustor of a trusteeship is entitled to the benefits of the trusteeship or of a part thereof, the trustor shall be deemed to have donated the title to the benefits (or a part thereof in case the beneficiary is entitled to a part of the benefits) to the beneficiary at the time the trusteeship was contracted.

Article 6.　In case the decedent, as a trustor, has designated a person other than the heir to be the beneficiary of the trust or a part thereof which was contracted within two years prior to the death of the decedent, or in case the decedent has, as a trustor, designated, within two years prior to his death, a person other than the heir to be the new beneficiary, the trustee of the trust shall be deemed the beneficiary of the trust benefits concerned, for purposes of the application of the preceding Article, in the event that the trusteeship is one of the following types:

Article 7.　In respect of a life insurance contract the premiums or a part thereof have been paid by a person other than the beneficiary, the person who has paid premiums shall be deemed, at the time when the claim for payment occurs, to have donated the amount of insurance money or a part, in proportion of the premiums he paid, to the beneficiary, as prescribed by Ordinance.

Article 8.　In respect of a postal annuity contract the recipient of which is other person than the person who paid instalments or a part thereof, the person who paid instalments shall be deemed, at the time when the cause for payment comes into existence to have donated the value of the claim in proportion of the instalments he paid to the total instalment, to the receipient of the annuity.

Article 9.　In case contributions have been made by a person before his death, the person shall be deemed to have donated the said contributions at the time when the establishment of a foundation on the basis of the contribution is permitted.

Article 10.　In case a property has been transferred at unreasonably law countervalue, the transferrer shall be deemed to have donated the amount equivalent to the difference between the countervalue and the market price of the property, to the transferee.

Article 11.　In case the remission or acceptance of liabilities, or repayment of other persons liabilities has been made, without any or at unreasonably low compensations, the person who has remitted, accepted or repaid shall be deemed to have donated the amount equivalent to the amount of liabilities remitted, accepted or repaid, to the debtor, at the time of the remission, acceptance or repayment;provided, however, this shall not apply in respect to the case provided for by Ordinance.

Article 12.　In case a person has made other persons participate in benefits without countervalue or for unreasonably low countervalue, he shall be deemed to have donated the amount equivalent to the value of benefits, at the time of the participation therein, besides cases referred to under Arts.5 and 7-11.

Article 13.　In case a trusteeship was contracted, premiums or instalments to a life insurance contract or contracts on other regular allowances were paid, or a contribution was made or acts referred to under the preceding two Articles were made, in accordance with the will of the decedent, this shall be deemed a bequest given.

Article 14.　Locations of the following properties shall be as enumerated under respective number concerned:

Article 15.　The location of the estate shall be the place where the estate is located at the time of inheritance, provided that, regarding the property refcrred to under Art.4, par.1, No.1, the location of the said property shall be the place where it was located at the time of donation.

Article 33.　The valuation of superficies (excluding lease as defined in the Law of Lease, the same goes hereinafter) and eternal tenant right shall be the amount which in arrived at by multiplying the value of the land in question by the following percentages respectively according to the term of time remaining as of the date of inheritance as to estate tax, or of the date of donation, as to the gift tax:

Article 34.　The valuation of the claim on annuities of which the cause for payment is in existence at the time of inheritance shall be the amount arrived at as follows:

Article 35.　The valuation of the claim on the life insurance of which no cause for payment is in existence af the time of inheritance shall be computed in accordance with the provisions of Ordinance taking the total amount of premiums paid up to the time of inheritance, as the basis for the computation.

Article 36.　The valuation of the claim on the post a annuity contract of which the cause for payment of annuity is not in existence at the time of inheritance shall be the amount arrived at by multiplying the total amount of premiums paid up to the time of inheritance by the percentages as may be provided for by Ordinance, on the basis of the period elapsed since the first payment of premiums.

Article 37.　The valuation of the estate shall be determined on the basis of the market price of the estate and the valuation of liabilities on the basis of the actual condition as of the time of inheritance, besides those prescribed under Arts.33, 34, pars.1 and 3 and the preceding two Articles.

Article 38.　The taxpayer shall submit a return to the Government filling therein taxable amount and other relevant matters within four months after the inheritance as prescribed by Ordinance.

Article 39.　A person liable to pay the gift tax shall submit, as prescribed by Ordinance, with the Government a return stating therein taxable amount and other matters by January 31 of the year ensueing to the year in which the donation has been made.

Article 40.　The person who submitted a return according to the provisions of the preceding two Articles shall report to the Government and revise the return accordingly, in case he finds any omission in the assessment of taxable amount reported on the return after the filing date.

Article 41.　The estate tax or the gift tax imposed on the assessment reported on the return submitted according to the provisions of Art.38 or 39 shall be paid by the filing date of Art.38 or 39.

Article 42.　The trustee of a trusteeship who is subject to the application of Art.6, par.1, No.4, shall be liable to pay the estate tax within the extent of the value of the trust property as of the date of inheritance.

Article 43.　In case there are two or more taxpayers of the estate tax, each is jointly liable to pay the tax with the other, within the extent of the benefits each received.

Article 44.　The donee shall be jointly liable with the donor to pay the gift tax to be paid by the donee, to the extent of benefits received by the donee.

Article 45.　In case the assessment reported pursuant to Art.38 or Art.39 or revised pursuant to Art.40 disagrees with the assessment made by the Government upon its investigation, the Government shall correct the assessment according to its assessment.

Article 46.　The Government shall notify the taxpayer upon making the correction or determination of assessment as referred to in the preceding Article.

Article 47.　In case the return is corrected or assessment is determined according to the provision of Art.45, the Government shall collect an additional tax (the amount of tax which is short or the amount of tax as corrected or the amount of tax determined, hereinafter meaning likewise) within one month after the date of notification referred to in the par.1 of the preceding Article is issued. But in the case where a taxpayer discontinues to have domicile and residence in the territory where this Law is prevailing without reporting of his tax-payment agent referred to under Art.65, the additional tax shall be collected at once.

Article 48.　In case a taxpayer who has been notified, in accordance with Art.46, of the Government decision on the corrected or determined taxable amount or, in accordance with Art.60, of the Government decision on the tax amount has an objection to the decision, he may request a reinvestigation to the Government stating reasons of his dissatisfaction, not later than a month since the notification is received.

Article 49.　In case the request referred to under par.1 of the preceding Article has been filed, the Government shall settle the request and notify the settlement to the taxpayer.

Article 50.　A person who has an objection to the settlement of par.1 of the preceding Article may make a petition to the Government or appeal to the Court.

Article 51.　In case the amount of the estate tax to be paid proves less than 10,000 yen and there are good reasons which make the payment in cash at a time difficult, a taxpayer may, as prescribed by Ordinance, request on presenting proper mortgages, the deferred payment in instalment for a periol not exceeding five years only to the extent of the amount of tax of which the payment is difficult.

Article 52.　A taxpayer of the estate tax may request the payment in kind in respect to the amount of the tax which is difficult to be paid in cash.

Article 53.　The Government, on receiving the request to pay the estate tax in instalment or in kind made pursuant to the preceding two paragraphs, may, if it deems necessary, postpone the collection of the tax concerned.

Article 54.　In case an ownerpayment is found in the estate tax which has been paid pursuant to Art.52, par.1 or 2, refundment shall be made pursuant to the provisions as prescribed by Ordinance.

Article 55.　In case a taxpayer is deemed to have badly lost his ability to pay because of calamities and therefore scarecely able to pay the tax, the Government may, as prescribed by Ordinance, abate or exempt his estate tax or gift tax.

Article 56.　A person, if he so desires, may request to the Government the inspection of returns filed by taxpayers or documents of the correction, determination or revision of the taxable amount as prescribed by Ordinance.

Article 57.　In case an information given to the Government of the fact that a person deemed liable to pay the tax failed to file the return or of the suspect of an omission in the taxable amount, has led the Government to the determination or correction of the taxable amount, the Government may, as prescribed by Ordinance, give the informer an amount not exceeding 10% of the tax recovered by the determination or correction of the taxable amount as a reward, provided, the maximum of the reward shall not exceed 100,000 yen.

Article 58.　As to the estate tax to be paid pursuant to Art.41, par.2 or par.3, a taxpayer shall, as prescribed by Ordinance, pay a penalty tax in addition to the tax concerned, which is computed, according to the term of time prescribed by Ordinance, by multiplying the tax in delinquency at the rate of 3 sen per 100 yen per diem.

Article 59.　Excepting cases where there were good reasons for the failures to file a return by the filing date referred to under Art.38 or Art.39 or for the fact that there is any omission in the taxable amount as returned previously or revised in case the return has been revised pursuant to Art.40, par.1 or that the taxable amount returned or revised by the taxpayer disagrees with the same investigated by the Government, the Government, when the estate tax or the gift tax referred to under Art.41, par.2 or par.3 has been paid, or the estate tax or the gift tax equal to the tax in deficit referred to under Art.47 is to be collected, shall, as prescribed by Ordinance, collect according to the term of time prescribed by Ordinance, a penalty tax in the form of the estate tax or gift tax, which is to be computed by multiplying the tax concerned at the rate of 5% for each month lapsed;provided, however, the maximum thereof shall be 50% of the tax amount concerned.

Article 60.　The Government when determined the penalty tax to be collected pursuant to par.1 of the preceding Article, shall notify the same to the taxpayer.

Article 61.　In case a new heir comes in to replace the present one on account of the Court decision to eliminate the present heir or the decision to cancel the previous decision on the elimination, the return of the taxable amount (including the revision thereof hereinafter same in this Article) filed by the old heir before the Court decision or the correction or determination made by the Government, before the Court decision, for the old heir, shall be deemed the return filed by the new heir or correction or determination made by the Government for the new heir. Also, the estate tax paid by the old heir shall be deemed to have been paid by the new heir.

Article 62.　In case the titled to the principal of, or returns from the trust property referred to under Art.6, par.1, Nos.1-3 have become to belong to the trustor on account of the fact that a person designated to be the beneficiary refused to be so, or the non-existence of the beneficiary was finally confirmed or the fulfillment of the conditions proved impossible, the trusteeship shall be deemed non-existent retroactively.

Article 63.　In case the existence of an heir is uncertain or an heir does not have a power over the disposition of the estate, the provisions in this law aimed at the heir shall apply to a custodian of the estate or an executor of will, in this case, the return of Art.38, par.1 shall be filed within 4 months after the appointment of the custodian or the executor.

Article 64.　The place of payment of the estate tax shall be the place where the inheritance has occurred;provided, however, in case the inheritance occurs outside the territory where this law is prevailing, the location of the estate (in case there are two or more locations, the location of the main estate) shall be the place of payment.

Article 65.　A taxpayer, who does not have domicile and residence in the territory where this Law is prevailing shall appoint a taxpayment agent who, living at the place of payment takes charge of the filling of returns on the estate or gift tax and every other necessary matters of the estate or gift tax on behalf of him, and inform the Government of the appointment;the same shall hold good in case a taxpayer comes to discontinue to have his domicile and residence in the territory where this Law is prevailing.

Article 66.　The heir shall, within three months after the inheritance, shall, as prescribed by Ordinance, inform to the recipients of donations made by the decedent within two years prior his death, of the name of the heir, the date of inheritance, the place of inheritance and other matters so that the recipient may be able to file their returns pursuant to Art.38.

Article 67.　In case headmen of cities, towns or villages, or other persons as may be provided for by Ordinance, have received the notice on death or disappearance, they shall report the same to the Government.

Article 68.　A person who has paid a life insurance money in the territory where this Law is prevailing shall, as prescribed by Ordinance, submit the payment-statement to the Government.

Article 69.　Taxation officials may, when necessary for the purpose of investigation or collection of the estate tax, examine persons enumerated below or inspect property or books, papers or other things relating thereto which belong to persons referred to under No.1 below:

Article 70.　Prefectures, cities, towns, villages and other public bodies shall not impose the surtax to the estate and gift taxes.

Article 71.　A person who has evaded the estate or gift tax by an act of fraud or other unjust means shall be imprisoned not exceeding 1 year or fined or forfeit not exceeding three times of the tax evaded.

Article 72.　A person who comes under any of the following numbers shall be imprisoned not exceeding one year or fined not exceeding 10,000 yen:

Article 73.　In case a person who is or was engaged in investigation or re-investigation of the estate or gift tax has divulged or abused secrets as aquired relating to the investigation or re-investigation, he shall be imprisoned not exceeding two years or fined not exceeding 20,000 yen.

Article 74.　In case a representative of a juridical person, a deputy, employee or member of a juridical person or of an individual has committed, in connection with businesses of assets of the juridical person or individual a violation as referred to under Art.71 par.1 or Art.72, the person who actually committed shall be punished as well as the juridical person or the individual shall be fined in accordance with the provisions of the Articles concerned.

Article 75.　A person who, regarding the estate or gift tax of other persons, has given to the Government a false information on the matters referred to under Art.57 shall be imprisoned not exceeding three years or fined not exceeding 10,000 yen.

Article 76.　In respect to a person who has committed the violation as prescribed under par.1 of Art.71, the proviso of par.3 of Art.38, par.2 of Art.39, Arts.40&41, par.2 of Art.48 and Arts.63&66 of the Penal Code shall not apply;provided, however, that this shall not hold good in respect of the case where imprisonment is to be imposed.