870. Payment of CGT by instalments.

CGT may be paid by instalments in three situations:

  1.  

    (1)     where the consideration is payable in instalments the taxpayer can choose to pay by instalments over a term of between 18 months and eight years1;

  2.  

    (2)     where there is a gift of certain assets including land, shares or securities giving the donor a controlling interest, or unquoted shares or securities