In many countries in EU, real estate is the crypto. The only investment vehicle without capital gains tax. Maybe it's causing demographic catastrophe, but at least few people make a lot of money.
In many countries in EU, real estate is the crypto. The only investment vehicle without capital gains tax. Maybe it's causing demographic catastrophe, but at least few people make a lot of money.
>> The only investment vehicle without capital gains tax
real estate? This is the most common asset that triggers a capital gain for most people.
Well in the USA, there is the 1031 exchange which lets you defer capital gains when you buy/sell primary home and finally at death you can use the step-up basis rule to avoid paying the deferred capital gains completely when your heirs inherit it as well.
Let me introduce you the country of Poland. Other countries like e.g. Czechia tightened the rules but it's already too late looking at prices in Prague.
Also gold coins (they're "currency")