WestWind1950
That rumour is definitely incorrect - the FAA does not require N-reg planes, held by a US citizen or a US Trust, to spend any time in the USA.
Cathar
By keeping and operating a foreign registered aircraft in the UK the provisions established by Parliament for the good of the population of the UK as a whole are being bypassed and responsibility is in effect being delegated to the authorities of another country.
What evidence can you offer that a G-reg does more "for the good of the population of the UK" than an N-reg?
As a purely revenue raising measure, I can understand it. Not for any other reason though.
Regarding Canada grounding planes after 90 days, I wonder whether they also validate the FAA IR..... ??