C1C2Part 4Confiscation: Northern Ireland

Annotations:
Modifications etc. (not altering text)
C2

Pt. 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.)

Interpretation

I1C2232C2 Property: general provisions

1

Property is all property wherever situated and includes—

a

money;

b

all forms of real or personal property;

c

things in action and other intangible or incorporeal property.

2

The following rules apply in relation to property—

a

property is held by a person if he holds an interest in it;

b

property is obtained by a person if he obtains an interest in it;

c

property is transferred by one person to another if the first one transfers or grants an interest in it to the second;

d

references to property held by a person include references to property vested in his trustee in bankruptcy, permanent or interim trustee (within the meaning of the Bankruptcy (Scotland) Act 1985 (c. 66)) or liquidator;

e

references to an interest held by a person beneficially in property include references to an interest which would be held by him beneficially if the property were not so vested;

f

references to an interest, in relation to land in Northern Ireland or England and Wales, are to any legal estate or equitable interest or power;

g

references to an interest, in relation to land in Scotland, are to any estate, interest, servitude or other heritable right in or over land, including a heritable security;

h

references to an interest, in relation to property other than land, include references to a right (including a right to possession).