Framework Document between The Scottish Government and Crown Estate Scotland
This Framework Document has been drawn up by the Scottish Government's Marine Directorate in consultation with Crown Estate Scotland. Part One sets out the broad framework within which Crown Estate Scotland operates and Part Two sets out certain aspects of the financial framework in greater detail.
17. Movement between income and capital
A transfer, or transfers, from income to capital is permitted under section 29(2) of the 2019 Act, this will be directed by Scottish Ministers under section 37(1) of the 2019 Act.
As per Section 30(2) of the 2019 Act, the gross annual income received, and the expenses incurred, from or in connection with mining leases or the working of mines or minerals shall be carried or charged between Crown Estate Scotland income account and capital account in such proportions as the Scottish Ministers specify in a direction under section 37(1) of the 2019 Act. Currently this is carried or charged as to one half to capital account and one half to income account.
Fund transfers are permitted between the income account and capital accounts to assist with the management of cash flow subject to the repayment rule under section 29(5) of the 2019 Act.
Where appropriate, staff (and related) costs are charged to, and recovered from, the capital account.
Contact
Email: CESU@gov.scot