Explanatory Notes

Proceeds of Crime Act 2002

2002 CHAPTER 29

24 July 2002

Commentary on Sections

Part 4: Confiscation: Northern Ireland

Interpretation

Sections 227-229: Value: the basic rule; Value of property obtained from conduct; Value of tainted gifts

281.Sections 227-229 set out how the court is to work out the value of property held by a person, the value of property, and the value of a tainted gift. These sections, apart from referring to Northern Ireland legislation where appropriate, replicate the provisions proposed at sections 79 to 81.