The property is owned by a company.
If the company were to sell the property to an individual today, but do so by way of two trust deeds, one now for say 2/3rds of the value and another in two years time for the final 1/3rd(following which the property legal title will be transferred), when and how should the sale proceeds be declared for tax purposes by the company?
i.e. The company is paid 2/3rds of the value of the property now (and still retains 1/3rd ownership) and the transaction is not completed for another two years when the final 1/3rd payment is paid to the company. At that point the property is no longer owned by the company and the legal title is transferred over.
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