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Episode 222: Simon's increased BTL revenues came at significant cost!
Manage episode 403606305 series 3010342
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Stuart and Simon explore the financial journey of Simon's property business.
They start with the 2016-2017 tax year, where Simon's three buy-to-let properties yielded £36,000 in revenue and £29,000 in pre-tax profit. The conversation then covers the challenges posed by Section 24, which affected mortgage interest tax relief, increasing costs and reducing profits. Despite this, Simon remains focused on the long-term advantages of property investment, such as capital gains and equity growth. Stuart acknowledges the hard work behind managing a property portfolio, and together they shed light on the complexities of property business finances.
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Episode links:
- Simon's limited company property Episode 180
- Simon's limited company property Episode 189
- Find us on Twitter, YouTube or LinkedIn: Stuart, Simon.
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