Donald Trump scotland feature

Donald Trump’s Scottish Golf Course Loses £1M, He Escapes UK Tax

By Miles Goslett | 7:36 am, October 11, 2016

Donald Trump’s principal Scottish golfing business recorded a loss of more than £1 million during 2015, meaning that it paid no tax.

According to accounts just published by the Republican presidential candidate and seen by Heat Street, Trump International Golf Club Scotland Limited had a turnover of just over £3 million but clocked up a total loss of £1,096,108 for the year.

It made a similar loss in 2014, though overall revenues for 2015 were up by 7.4 per cent.

The business, based near Aberdeen, comprises a pay per play championship golf course; hotel; shop; bar and restaurant.

It employs 95 people but is strongly suspected of being little more than a vanity project for the property tycoon, who is its president and chairman. Three of its directors are Trump’s children – Donald Jr, Eric and Ivanka.

Trump bought the Menie estate, which lies on the east coast of Scotland in an area of great natural beauty overlooking the North Sea, for £7 million in 2006. His self-declared goal, unsurprisingly, was to create “the greatest golf course in the world”.

Even though some of the estate had been designated a site of special scientific interest (SSSI) because of its unusually shifting sand dunes, the bulldozers eventually moved in to create the 18-hole course anyway.

After a protracted planning battle and run-ins with those living nearby in the village of Balmedie – some of which were documented in the 2011 film You’ve Been Trumped – the course opened in 2012.

Since then it has made a cumulative loss of £9.7 million, according to the accounts, and has been funded by directors’ loans totalling £39,406,027.

On Sunday he acknowledged for the first time that he used a $916 million loss that he reported on his 1995 US income tax returns to avoid paying personal federal income taxes for years.