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Nice little earner

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Nice little earner

Couple buy toll bridge that will earn them a tax-free £100,000 per year... and it only cost them £40...
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The crossing, which comes with a two-bedroom cottage and 1.1 acres of land, was built in 1779 with an Act of Parliament granting exemption from tax because it was privately funded.
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The couple, who sold their training company in the Cotswolds, also don't have to worry about VAT, stamp duty, business rates and capital gains tax.

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4 REPLIES
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Re: Nice little earner

Yeah I read that on the sun today too. I couldn't believe it! What a find!
I need a new signature... i'm bored of the old one!
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Re: Nice little earner

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Their only costs are potential staff wages and the bridge's £12,000 annual maintenance.
The crossing last underwent major reconstruction work in 1993.

If it goes wrong they will be lucky to see a return, repairs won't come cheap if or more likely when it needs more maintenance.
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Posts: 13,921
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Registered: 01-08-2007

Re: Nice little earner

I wouldn't be so sure. At £100k per year, even if it needs £200k of maintenance thats what.. 2 years to pay for it.
They're without a doubt, quids in.
dick:quote
I need a new signature... i'm bored of the old one!
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Re: Nice little earner

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Their only costs are potential staff wages and the bridge's £12,000 annual maintenance.

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It underwent a near complete reconstruction in 1993, costing the then owner £300,000.

Even if traffic is heavier and the bridge required major rennovation in 15 years and the cost was doubled they's still have £48,000 a year tax free if they put aside £40,000.
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He introduced an automatic barrier to replace the booth where the bridge keeper would sit and an 'honesty box' to be used at night.

I wonder if the takings actually went down by much or if the collective users were honest Undecided

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Courage is resistance to fear, mastery of fear, not absence of fear - Mark Twain
He who feared he would not succeed sat still