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Sunday 18th May 2008
In a move, the like of which has not been seen for many years, one of the eight inhabited Channel Islands is being put up for sale at a price of £15 million. The owners of Herm, Pennie and Adrian Heyworth, took over the running of the island from Pennie's father but they have now decided to call it a day.
In common with other Channel Island residents, the new owners of the Herm lease would only pay a 20% basic tax rate and avoid any exposure to both capital gains tax and death duties. In the right hands this investment could literally pay for itself in no time at all!
Thankfully the 40 year lease on the island also comes with a 13th century chapel, 80 acres of farmland and your very own manor house. The population of the island can vary between 50 in the off peak times to 150 when the tourist industry is in full flow. The island itself has all of the local amenities you would expect, including its very own local pub.
As yet there have been no takers for the lease on the island but it is sure to catch the eye of someone before too long. |
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