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Couple put their own toll bridge up for sale for £800,000 which rakes in £100,000-a-year tax free thanks to ancient Act of Parliament
So you have a bridge for sale. Can it compete with this ?
Couple put their own toll bridge up for sale for £800,000 which rakes in £100,000-a-year tax free thanks to ancient Act of Parliament
Maggie Taylor and Grahame Penny bought the bridge over the River Wye in 2012
Owners put it up for sale for £795,000 because they want to retire
Offers buyers a tax-free income of around £100,000-a-year due to £1 tolls per go
The Whitney-on-Wye bridge is one of just 8 privately-owned toll bridges in UK
By Rod Ardehali For Mailonline Published: 07:01 EDT, 12 June 2018 | Updated: 10:14 EDT, 12 June 2018
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A lucrative toll bridge which rakes in a cool £100,000-a-year tax free thanks to an ancient Act of Parliament has been put up for sale for £800,000.
The Whitney-on-Wye bridge, in Herefordshire, is one of only eight privately-owned toll bridges in the UK, and because of it's popular location for commuters and tourists, pulls in thousands of pounds at a £1-a-go.
The sale offers potential buyers a tax-free income and has been put up for sale because its current owners Maggie Taylor and Grahame Penny - who bought the historic bridge over the River Wye in 2012 - want to retire.