Something to cheer you all up, Buck house facelift

[west didsblue]

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.

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.

 

[SWP's back]

Like that one.

You like that post or you feel that post embarrasses me?

 

[SWP's back]

Give it a rest mate.
Please stop it , you're embarrassing yourself.

It's factually correct and obviously a pain in your side as it doesn't allow you to post your republican spite without reply.

 

[SWP's back]

The Crown Estate profits are paid to the EXCHEQUER. This was agreed by George III to relieve him of the cost of his debts

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.

 

[smudgedj]

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.

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.

 

[Mad Eyed Screamer]

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.

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!

 

[Ban-jani]

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.

Am I right in thinking the Queen doesn't own the building?

 

[SWP's back]

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.

It's changed over two dozen times since its inception. He keeps ignoring that.

 

[Mad Eyed Screamer]

Am I right in thinking The Queen doesn't own the building?

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.

 

[SWP's back]

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!

She isn't a cash billionaire so that's not strictly true is it.