Trump’s personal loans to Trump International Golf Course Ltd (TIGCS), which has owned the Aberdeenshire estate where the resort is being built since 2006, increased by £2.6m last year. His UK company accounts showed hefty losses on both resorts in that year, of £1.1m at the Aberdeenshire course and £3.6m at Turnberry. Trump lost a further £2m in dollar-to-sterling currency exchanges, bringing total losses for Trump to £10.5m last year. However, his new company accounts cast doubt on that spending claim. The accounts show that his New York-based trust, the Donald J Trump Revocable Trust, loaned his Turnberry holding company, Golf Recreation Scotland Ltd, £42m in 2014 and £21m in 2015.

Source: The Guardian October 12, 2016 17:26 UTC