Saturday 21 January 2012

Couple sell home to buy bridge - Telegraph

Couple sell home to buy bridge - Telegraph

A couple have sold their home and business to buy a rural toll bridge which will allow them to charge motorists without paying any income or business taxes.

Grahame Penny and Maggie Taylor paid £403,000 for the Whitney-on-Wye bridge between Hereford and Hay-on-Wye. The crossing, which comes with a two-bedroom cottage and 1.1 acres, was built in 1779 and was granted exemption from tax by an Act of Parliament as it was privately funded.

It brings in around £2,000 per week but the couple will have to pay for annual maintenance and any staff costs.

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