Chris Oates wrote:

"geoff" wrote in message
...


Their profit would not actually cover rheir living expenses so far..


The attraction of the program is that you want to see them fail big time
Unfortunately, if they had done so, it wouldn't have gone out would it


Unless the BBC bailed them out big time and took care of the
listed building fiasco.

I still wan't to know why they are not paying
capital gains tax on 'non main residences'



I am sure that they are. But that happens towards the end of the year
following the year in which profits are made.

Such profits as there may be.

Lets face it, they are being bankrolled big time, and the Beeb will get
whatever profits accrue to get back what they spend. Each step up in
propery - if you were doing it for real - would justify a slightly
larger loan to do it. Of course the interest on such would be deducted
from the profit...

It's about as one finds. Making money out of property development is a
big gamble and a fine balance between being a paste over it cowboy, and
a proper stucturally aware builder.

You have to be autely aware of what adds a perceived premum value to
aproperty, and what is expensive, nice, but doesn't get a potential
purchaser reaching for the cheque book.