Episode 222

Simon's increased BTL revenues came at significant cost!


February 28th, 2024

17 mins 43 secs

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About this Episode

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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