Scottish Crown Estate Act 2019

30 Treatment of certain sums

(1) The manager of a Scottish Crown Estate asset must carry any sum of money received by the manager by way of a premium on the grant of a lease of the asset—

(a) to the manager’s income account, if the lease is granted for a period of 20 years or less,

(b) to the manager’s capital account, if the lease is granted for a period of over 20 years.

(2) Subsections (3) and (4) apply in relation to—

(a) any gross annual income received in relation to a Scottish Crown Estate asset by the manager of the asset from or in connection with a mining lease or the working of mines or minerals,

(b) any expenses incurred in relation to the asset by the manager in connection with such a lease or working.

(3) The manager must carry that income, and charge those expenses, to the manager’s income account and capital account in such proportions as the Scottish Ministers specify in a direction under section 37(1).

(4) But where the Scottish Ministers are the manager, they must carry that income, and charge those expenses, to their income account and capital account in such proportions as they may determine.

(5) Where the Scottish Ministers make a loan to a manager, the manager must make any repayments of the loan, and any payments of interest on the loan, from the account to which the manager carries the sum of money received under the loan.