An inclining and rotating table apparatus comprising: a base frame adapted to be installed on a machine tool; an inclination frame supported on the base frame via a pair of rotating shafts and and having an inclining table at a position separated from axes of the rotating shafts and; an inclination drive motor for swingingly driving the inclination frame and built in the base frame; a rotating table installed on the inclining table; and a rotation drive motor for rotationally driving the rotating table and built in the base frame, wherein one of the pair of rotating shafts and is an inclination drive shaft connected to the inclination drive motor, and the other one thereof is a driven shaft driven to rotate with swinging drive of the inclination frame, the rotation drive motor is rotatably supported on the base frame via the driven shaft, and an output shaft of the rotation drive motor is connected to a rotary drive shaft connected to the rotating table by a driving force transmission mechanism, wherein the driven shaft is formed in a hollow shape such that at least a part of the rotation drive motor is disposed therein, and has an attachment portion to which the inclination frame is attached and which extends in a radial direction and allows attachment of the rotation drive motor to the inclination frame the inclining and rotating table apparatus being characterised in that it further comprises: a position adjusting mechanism for adjusting a position of the inclination frame with respect to the driven shaft at least in a vertical direction and provided between the driven shaft and the inclination frame, and the rotation drive motor is supported on the driven shaft via the inclination frame. a base frame adapted to be installed on a machine tool; an inclination frame supported on the base frame via a pair of rotating shafts and and having an inclining table at a position separated from axes of the rotating shafts and; an inclination drive motor for swingingly driving the inclination frame and built in the base frame; a rotating table installed on the inclining table; and a rotation drive motor for rotationally driving the rotating table and built in the base frame, wherein one of the pair of rotating shafts and is an inclination drive shaft connected to the inclination drive motor, and the other one thereof is a driven shaft driven to rotate with swinging drive of the inclination frame, the rotation drive motor is rotatably supported on the base frame via the driven shaft, and an output shaft of the rotation drive motor is connected to a rotary drive shaft connected to the rotating table by a driving force transmission mechanism, wherein the driven shaft is formed in a hollow shape such that at least a part of the rotation drive motor is disposed therein, and has an attachment portion to which the inclination frame is attached and which extends in a radial direction and allows attachment of the rotation drive motor to the inclination frame the inclining and rotating table apparatus being characterised in that it further comprises: a position adjusting mechanism for adjusting a position of the inclination frame with respect to the driven shaft at least in a vertical direction and provided between the driven shaft and the inclination frame, and the rotation drive motor is supported on the driven shaft via the inclination frame. a position adjusting mechanism for adjusting a position of the inclination frame with respect to the driven shaft at least in a vertical direction and provided between the driven shaft and the inclination frame, and the rotation drive motor is supported on the driven shaft via the inclination frame.