8 (1)Where a member owns or holds, or has owned or held, any heritable property and sub-paragraph (2) applies.S
(2)This sub-paragraph applies where either—
(a)the market value of the heritable property, at the relevant date, exceeds [F1the specified limit]; or
[F2(b)any income is received from the heritable property during the twelve months prior to the relevant date.]
(3)Sub-paragraph (1) applies to heritable property which a member owns or holds, or has owned or held—
(a)solely in [F3the member’s] name;
(b)jointly with any other person or body; or
(c)as a trustee, whether or not jointly with other trustees, where the member has an interest as a beneficiary of the trust.
(4)Sub-paragraph (1) does not apply to heritable property—
(a)which is used as a residential home by the member or the member's spouse, civil partner or cohabitant;
(b)which was used as a residential home by the member or the member's spouse, civil partner or cohabitant but which, for a period of not more than 12 months, is or was unoccupied and for sale; or
(c)which forms part of the assets of a partnership and any income from that partnership is, or forms part of, the remuneration registered under paragraph 2 of this schedule.
(5)Where a member has ceased to own or hold any heritable property before the date on which the member was returned as a member, the relevant date is the date when the heritable property ceased to be so owned or held.
(6)Where a member owned or held any heritable property at the date on which the member was returned as a member, the relevant date is—
(a)that date; and
(b)the 5th April immediately following that date and in each succeeding year, where the heritable property continues to be so owned or held on that 5th April.
(7)Where a member becomes the owner of or acquires any heritable property after the date on which that member was returned as a member, the relevant date is—
(a)the date on which the member became the owner of or acquired that heritable property; and
(b)the 5th April immediately following that date and in each succeeding year, where the heritable property continues to be so owned or held on that 5th April.
[F4(8)In this paragraph—
“current parliamentary session” means the parliamentary session which begins immediately after, or in which, the member is returned; and
“specified limit” means 50% of a member’s salary (rounded down to the nearest £10) at the beginning of the current parliamentary session.]
Textual Amendments
F1 Words in Sch. para. 8(2)(a) substituted (23.3.2011 being the day after the date of the first dissolution of the Scottish Parliament following the making of this S.S.I.) by virtue of Interests of Members of the Scottish Parliament Act 2006 (Modifications to the Schedule) Resolution 2011 (S.S.I. 2011/40) , Annex para. 4(2)
F2 Sch. para. 8(2)(b) substituted (23.3.2011 being the day after the date of the first dissolution of the Scottish Parliament following the making of this S.S.I.) by Interests of Members of the Scottish Parliament Act 2006 (Modifications to the Schedule) Resolution 2011 (S.S.I. 2011/40) , Annex para. 4(3)
F3 Words in Sch. para. 8(3)(a) substituted (23.3.2011 being the day after the date of the first dissolution of the Scottish Parliament following the making of this S.S.I.) by virtue of Interests of Members of the Scottish Parliament Act 2006 (Modifications to the Schedule) Resolution 2011 (S.S.I. 2011/40) , Annex para. 4(4)
F4 Sch. para. 8(8) inserted (23.3.2011 being the day after the date of the first dissolution of the Scottish Parliament following the making of this S.S.I.) by Interests of Members of the Scottish Parliament Act 2006 (Modifications to the Schedule) Resolution 2011 (S.S.I. 2011/40) , Annex para. 4(5)
Commencement Information
I1Sch. para. 8(2)(b) in force for specified purposes at 14.7.2006, see s. 21(3); Sch. para. 8 otherwise comes into force in accordance with s. 21(4)