Fortunately I have found an 'independent valuer' whom is...

Fortunately I have found an 'independent valuer' whom is authorised to value shares and is legally qualified / certified to do so for tax purposes.

I presume this CPA knows all the details, What I find strange is that this cpa is saying to you that his/her valuation is 100%. Rather than a valuation ATO can dispute.

The amount of money you are talking about will incur a look by an ATO handler.

Also I am little confused by your assertion of "family friend", ATO will want details of money transfer and ownership transfer plus the friend is liable CGT in the future or CGT tax loss.

Will this pass "Arms Length" provisions.


Have you considered making an appointment with ATO and try trying to work out a deal, highlight these points, you will find handlers will try to help you out, especially you are will to take binding undertaking!

1. CGT to be paid
2. You are willing to sell your shares
3. You are willing to sell your property to cover the shortfall
4. However you need time
5. Can ATO provide more time or
6. A payment plan, where you can make reasonable payment, without going into hardship until you are able to sell the shares.

Anyway kudos for trying to find a the best outcome for your tax issue.