Trump Turnberry facing tax rise after SNP Government tweaks rules for state-funded help [View all]
FINANCE Secretary Derek Mackay has stripped Donald Trump’s Scottish business of a lucrative tax break.
The US president's luxury golf resort, Trump Turnberry, this year got more than £100,000 in business rates relief from the Scottish taxpayer. However, the SNP government has now changed the rules and called a halt to such rebates.
It is understood that the Scottish government's move was taken with the Trump business in mind.
The exact cost to Trump from the change is unclear. While Trump clawed back nearly £110,000 this year from tax-payers, a Scottish government source estimated it could be around £20,000 in other years.
In a little-known part of his recent budget, Mackay announced that help would be restricted to properties with a rateable value of up to £1.5 million.
However, Trump Turnberry, which boasts a luxury hotel and golf complex on the Ayrshire coast, will no longer be eligible for support as it has a rateable value of £1.6m.
http://www.heraldscotland.com/news/15791805.Scotland__39_s_Christmas_gift_to_the_world_____a_massive_tax_hit_for_Donald_Trump/?ref=fbshr
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