Scottish Crown Estate Act 2019: ministerial direction - transfer of sums for 2025 to 2026

This Direction confirms the Crown Estate Scotland transfer of money from their income account to their capital account in the financial year ended 31 March 2026.


Direction given under Section 37(1) of the Scottish Crown Estate Act 2019 

1.    The Scottish Ministers, in exercise of their powers conferred by section 37(1) of the Scottish Crown Estate Act 2019 (“the Act”), give the following direction:

The Scottish Ministers direct as follows:

2.    This Direction applies to Crown Estate Scotland.

Transfer of sums between income and capital accounts

3.    Crown Estate Scotland (“CES”) may transfer a sum of money from their income account to their capital account in the financial year ended 31 March 2026, as provided for in section 29(2) of the Act. The sum that may be transferred in that year is to be calculated as 13% of the previous financial year’s gross revenue, after taking into consideration current year depreciation of plant and equipment. This will include interest income on CES capital and revenue accounts, but will exclude service charge income.

4.    CES is not permitted to include revenue from ScotWind or INTOG leasing rounds or interest earned from that revenue as part of any transfer of funds from their income account to their capital account in the financial year ended 31 March 2026, unless otherwise directed in writing by the Scottish Ministers.

5.    For the avoidance of doubt, Section 3 and 4 of this Direction are applicable only for the financial year specified above. 

Treatment of certain sums

6.    The gross annual income received, and any expenses incurred, by CES, from or in connection with mining leases or the working of mines or minerals shall be carried or charged as one half to the capital account and one half to the income account.

19 December 2024

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