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In financial disclosures required for his presidential bid, Trump claimed income of $20.3 million from Trump Turnberry, a course he bought for about 41 million pounds ($58 million) in 2014. Yet the accounts for Golf Recreation Scotland, which owns the course, show a loss of 3.6 million pounds for 2014.
There’s a similar discrepancy with the accounts for two other golf courses. Trump claimed income of $4.3 million from Trump International Golf Links Scotland — the course he built from scratch north of Aberdeen — yet accounts filed with Companies House show it lost £1.1 million in 2014, its third consecutive annual loss.
In Ireland, Trump reported $10.7 million in income from Trump International Golf Links Ireland. The course, which he bought in February 2014, reported a loss of 2.5 million euros in 2014.
Trump said in the interview that the amounts listed in his financial disclosures are based on “projected future income.” He attributed the losses to ongoing construction projects and said he has yet to unlock the value in developing the properties for housing. “They’re only losing money because they’re not open,” he said.
Actually, his golf course and hotel in Aberdeenshire are open as is his hotel in Ireland…
“This is supposed to be what you own and the income you made,” Larry Noble, general counsel at the Campaign Legal Center, said.