A lot of places have something like this. For example, the Netherlands has no capital gains tax or dividend tax, but it has a tax of roughly 1% - 1.5% of your

A lot of places have something like this. For example, the Netherlands has no capital gains tax or dividend tax, but it has a tax of roughly 1% - 1.5% of your net assets. So if you have a $300k investment property, it's taxed like that annually. But, your own home is exempted. It's not considered part of your net assets.