Something to cheer you all up, Buck house facelift

Len Rum said:
Except for a teeny weeny flaw in your argument.
The Crown Estate profits are paid to the EXCHEQUER. This was agreed by George III to relieve him of the cost of his debts and of running parts of the Government.
The Crown Estate pays 15% of these profits to the Sovereign as a Grant.
" The Grant is to enable the Queen to discharge her duties as head of State............It will also cover of maintenance of the Royal Palaces......." ( see Wiki ).
So it is up to the Monarch to meet the costs of the Buckingham Palace repairs from the grant i.e.from the 15%.
NOT to go go cap in hand to the Exchequer and ask for more money from the Crown Estate profits.
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There's a difference between maintenance and property improvement. In the buy to let world, one is treated as a tax deductible expense and the other is a capital outlay and is not tax deductible as it adds value to the property. The dividing line is a bit of a grey area, however I would imagine that if Buckingham palace was a buy to let, the £370m outlay would be treated as an improvement not just maintenance, hence it would be outside the scope of what the sovereign grant is for.
 
Len Rum said:
The Crown Estate profits are paid to the EXCHEQUER. This was agreed by George III to relieve him of the cost of his debts
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But the amount (percentage) has changed several times since then so I've no idea why you've run out of fanny wipes at this one.
 
Len Rum said:
Except for a teeny weeny flaw in your argument.
The Crown Estate profits are paid to the EXCHEQUER. This was agreed by George III to relieve him of the cost of his debts and of running parts of the Government.
The Crown Estate pays 15% of these profits to the Sovereign as a Grant.
" The Grant is to enable the Queen to discharge her duties as head of State............It will also cover of maintenance of the Royal Palaces......." ( see Wiki ).
So it is up to the Monarch to meet the costs of the Buckingham Palace repairs from the grant i.e.from the 15%.
NOT to go go cap in hand to the Exchequer and ask for more money from the Crown Estate profits.
Click to expand...
The work is being funded through an increase in the Sovereign Grant – the money given to the Queen which is based on profits of the Crown Estate. The grant changes over time when necessary.
 
Ban-jani said:
As another poster has put, Manchester town hall is going through similar costs to improve.

There are many instances where you could say the same about spending money on council houses, rather than one large historic building.

How much do you think the French spend on maintaining their historic landmarks?

Anti-royalists are getting upset because it's the queen's house, but you really need to think about the building itself and what it means to the country.

It's a price worth paying for me as I value history.
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The Queen (or the Crown) is a billionaire. Manchester city council are not and need a place to function. I have no particular issue with that. The Queen can afford the repairs and not even cause a dent in their account.

As for the French, well they can afford the up keep on the buildings as they aren't also paying a civil list for however many hangers on there are!
 
Mad Eyed Screamer said:
The Queen (or the Crown) is a billionaire. Manchester city council are not and need a place to function. I have no particular issue with that. The Queen can afford the repairs and not even cause a dent in their account.
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Am I right in thinking the Queen doesn't own the building?
 
smudgedj said:
The work is being funded through an increase in the Sovereign Grant – the money given to the Queen which is based on profits of the Crown Estate. The grant changes over time when necessary.
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It's changed over two dozen times since its inception. He keeps ignoring that.
 
Mad Eyed Screamer said:
The Queen (or the Crown) is a billionaire. Manchester city council are not and need a place to function. I have no particular issue with that. The Queen can afford the repairs and not even cause a dent in their account!
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She isn't a cash billionaire so that's not strictly true is it.
 
Mad Eyed Screamer said:
The Queen (or the Crown) is a billionaire. Manchester city council are not and need a place to function. I have no particular issue with that. The Queen can afford the repairs and not even cause a dent in their account.

As for the French, well they can afford the up keep on the buildings as they aren't also paying a civil list for however many hangers on there are!
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The French had the right idea when they executed all the lizards.
 
Mad Eyed Screamer said:
Wouldn't have a clue, the crown probably owns it. She may even be living there rent free! Either way, it is her gaff / her families gaff and can chip in.
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I really don't see your point. As SWP says, she's not a cash billionaire and the building doesn't belong to her.
 
Ban-jani said:
I really don't see your point. As SWP says, she's not a cash billionaire and the building doesn't belong to her.
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However the crown moves the money around in Rothschild or Baring accounts I don't know. She is the wealthiest woman in the world whichever way you want to look at it.
So who does she ''rent'' the house off? Who is the landlord and how much rent does she pay a month?
 
Mad Eyed Screamer said:
However the crown moves the money around in Rothschild or Baring accounts I don't know. She is the wealthiest woman in the world whichever way you want to look at it.
So who does she ''rent'' the house off? Who is the landlord and how much rent does she pay a month?
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Do you have any evidence of this?

I never said she rents, I specifically said she doesn't own the building.
 
SWP's back said:
It's changed over two dozen times since its inception. He keeps ignoring that.
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He does indeed.

I wonder if President Farage lived there, we would still have this outcry or would people accept that public buildings of this status need maintaining to a a high standard, benefiting of a Presidential residence.
 
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