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Add new Net Worth Calculation that Excludes Primary Residence Equity

Create a new summary calculation that excludes primary residence equity so I can use that for FIRE target numbers. This is because my primary residence is not equity I can tap into for returns as I retire as I have to live somewhere, yet my rental properties can be used for passive income generation or to sell, and rentals are not included in Liquid Net Worth. An alternative solution - add an optional checkbox include rental properties in Liquid Net Worth calculation

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  • 19 March 2023 Megan suggested this task

  • 20 March 2023 Kyle Nolan approved this task

  • avatar
    Leon Roijakkers

    In the Netherlands, rental properties are subject to wealth tax, while your primary residence is excluded.

    In the wealth tax settings, I can choose between “Liquid Net Worth” and “Net Worth”:

    -If I select Liquid Net Worth, I can’t include rental properties in the calculation. -If I select Net Worth, I can include the rental properties, but I can’t exclude the primary residence.

    Having the option to exclude the primary residence from Net Worth, would be solving this issue.

    Thursday