{"id":18589,"date":"2017-10-24T16:22:09","date_gmt":"2017-10-24T15:22:09","guid":{"rendered":"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=18589"},"modified":"2018-11-22T12:45:53","modified_gmt":"2018-11-22T11:45:53","slug":"trumps-turnberry-hotel-receives-110000-bail-money-scottish-taxpayers","status":"publish","type":"page","link":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=18589","title":{"rendered":"Trump&#8217;s Turnberry Hotel receives \u00c2\u00a3110,000 in bail out money from Scottish taxpayers"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18797 aligncenter\" src=\"http:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/ball-1850984_1920-300x44.jpg\" alt=\"Golf ball\" width=\"845\" height=\"124\" srcset=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/ball-1850984_1920-300x44.jpg 300w, https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/ball-1850984_1920-768x112.jpg 768w, https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/ball-1850984_1920-1024x149.jpg 1024w, https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/ball-1850984_1920-1200x175.jpg 1200w, https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/ball-1850984_1920.jpg 1920w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/>The finance minister for Scotland announced early in 2017 that ratepayers in the hospitality sector including hotels, restaurants, cafes and pubs would benefit from a cap of 12.5% on rates bill increases.<\/p>\n<p>The one-year cap was introduced as part of an emergency bailout to help small and struggling businesses, amid concerns over the hospitality sector when revaluations of commercial premises took effect on 1st April 2017. The new rateable values will come into effect in years two to five.<\/p>\n<p>A freedom of information request has revealed that the Trump Turnberry Hotel received property tax rate relief of \u00c2\u00a3109,530 for the year ending December 2015. The benefit equates to a 13.5% cut in its annual business rates (which are \u00c2\u00a3811,800\u00c2\u00a0before relief). In the same year, the hotel recorded a turnover of \u00c2\u00a311.4 million and gross profit of \u00c2\u00a34.1 million.<\/p>\n<p>In Scotland, all property values are assessed at the same point in time, known as the \u00e2\u20ac\u02dctone date\u00e2\u20ac\u2122, and the last revaluation date was 1st April 2015. The previous tone date was 1st April 2008 &#8211; prior to the economic downturn &#8211; meaning that businesses have paid rates since then based on the previous rateable values which did not reflect the downturn in rental values and business.<\/p>\n<p>As a consequence of the cap, 8,500 business and 100,000 small business properties (half of all properties) have paid no rates.\u00c2\u00a0The rebate does not discriminate between profitable and unprofitable companies, so it is not just struggling businesses that have benefited.<\/p>\n<p>The Scottish Golf Tourism Week will be hosted at Trump Turnberry in October 2017, and will receive funding from the Scottish taxpayer. Over 200 delegates are expected at the event which introduces suppliers to tour operators with the aim of \u00e2\u20ac\u02dchitting the \u00c2\u00a3300 million target for the value which golf tourism brings to the Scottish economy\u00e2\u20ac\u2122.\u00c2\u00a0The luxury hotel and golf course in Ayrshire, Scotland, charges \u00c2\u00a3360 for a basic room and over \u00c2\u00a3700 per night for a suite.<\/p>\n<p><a href=\"http:\/\/www.propertysurveying.co.uk\/INDEX\/INDEX1.html\">PropertySurveying.co.uk\u00c2\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The finance minister for Scotland announced early in 2017 that ratepayers in the hospitality sector including hotels, restaurants, cafes and pubs would benefit from a cap of 12.5% on rates bill increases. The one-year cap was introduced as part of an emergency bailout to help small and struggling businesses, amid concerns over the hospitality sector &hellip; <a href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=18589\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Trump&#8217;s Turnberry Hotel receives \u00c2\u00a3110,000 in bail out money from Scottish taxpayers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"folder":[562],"class_list":["post-18589","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump&#039;s Turnberry Hotel receives \u00c2\u00a3110,000 in bail out money from Scottish taxpayers - Property Surveying NEWSLETTER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=18589\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump&#039;s Turnberry Hotel receives \u00c2\u00a3110,000 in bail out money from Scottish taxpayers - Property Surveying NEWSLETTER\" \/>\n<meta property=\"og:description\" content=\"The finance minister for Scotland announced early in 2017 that ratepayers in the hospitality sector including hotels, restaurants, cafes and pubs would benefit from a cap of 12.5% on rates bill increases. The one-year cap was introduced as part of an emergency bailout to help small and struggling businesses, amid concerns over the hospitality sector &hellip; Continue reading &quot;Trump&#8217;s Turnberry Hotel receives \u00c2\u00a3110,000 in bail out money from Scottish taxpayers&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=18589\" \/>\n<meta property=\"og:site_name\" content=\"Property Surveying NEWSLETTER\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertySurveying\" \/>\n<meta property=\"article:modified_time\" content=\"2018-11-22T11:45:53+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/ball-1850984_1920-300x44.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=18589\",\"url\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=18589\",\"name\":\"Trump's Turnberry Hotel receives \u00c2\u00a3110,000 in bail out money from Scottish taxpayers - 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