Explanatory Notes

Proceeds of Crime Act 2002

2002 CHAPTER 29

24 July 2002

Commentary on Sections

Part 2: Confiscation: England and Wales

Interpretation

Sections 79-81: Value: the basic rule; Value of property obtained from conduct; Value of tainted gifts

145.Sections 79-81 set out how the court is to work out the value of property held by a person, the value of property obtained from criminal conduct and the value of a tainted gift. These sections broadly reproduce the property valuation principles set out in the earlier legislation.