Could Payment Be Deferred Until an Asset Is Sold?
Deferral sounds like a loophole until you look at the interest. Norway prices the wait at its policy rate plus five points, and Britain already runs a ten-year instalment option in inheritance tax.
How Would Debt Be Treated?
Net means debts come off, so borrow against what you own and hand in a smaller balance sheet. The regimes that tax a net base answered that in statute: a debt is a deduction only if the rules say so.
