Modifications etc. (not altering text)
C1Pt. 4 functions of receiver extended (24.2.2003) by Proceeds of Crime Act 2002 (Enforcement in different parts of the United Kingdom) Order 2002 (S.I. 2002/3133), arts. 1, 4(1)(a)
C2Pt. 4 applied by S.I. 1989/1341 (N.I. 12), arts. 57(5B), 59(8B) (as substituted (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), Supreme Court s. 458(1), Sch. 11 para. 19(2)(3); S.I. 2003/333, art. 2, Sch.)
C3Pt. 4: power to amend conferred (1.7.2005) by Serious Organised Crime and Police Act 2005 (c. 15), ss. 97(3), 178(8); S.I. 2005/1521, art. 3(1)(a)
C4Pt. 4 applied (3.12.2014) by The Criminal Justice and Data Protection (Protocol No. 36) Regulations 2014 (S.I. 2014/3141), reg. 1(b), Sch. 2 para. 11(5)
C5Pt. 4 applied (3.12.2014) by The Criminal Justice and Data Protection (Protocol No. 36) Regulations 2014 (S.I. 2014/3141), reg. 1(b), Sch. 2 para. 6(5)
(1)The value at any time (the material time) of a tainted gift is the greater of the following—
(a)the value (at the time of the gift) of the property given, adjusted to take account of later changes in the value of money;
(b)the value (at the material time) of the property found under subsection (2).
(2)The property found under this subsection is as follows—
(a)if the recipient holds the property given, the property found under this subsection is that property;
(b)if the recipient holds no part of the property given, the property found under this subsection is any property which directly or indirectly represents it in his hands;
(c)if the recipient holds part of the property given, the property found under this subsection is that part and any property which directly or indirectly represents the other part in his hands.
(3)The references in subsection (1)(a) and (b) to the value are to the value found in accordance with section 227.
Commencement Information
I1S. 229 in force at 24.3.2003 by S.I. 2003/333, art. 2, Sch.