[email protected] wrote: > > >From BBC website: > http://news.bbc.co.uk/1/hi/england/gloucestershire/7975936.stm > Quote: "Once restored, the company will take on responsibility for their > operational management, maintenance" > Does that mean that BW will not be managing the canals after > restoration ?
Not necessarily. BW may or may not be involved in future maintenance of the canals. If I remember rightly, the main reason for setting up the new company to take on ownership (or lease) of the land during restoration is that as a charity, it can claim relief from stamp duty. Martin
