8.—(1) A gift (including a gift made before the commencement of the Drug Trafficking Act 1994 (Designated Countries and Territories) Order 1996) is caught by this Act if—
(a)it was made by the defendant at any time since the beginning of the period of six years ending when the proceedings were instituted against him; or
(b)it was made by the defendant at any time and was a gift of property—
(i)received by the defendant in connection with drug trafficking carried on by him or another person; or
(ii)which in whole or in part directly or indirectly represented in the defendant’s hands property received by him in that connection.
(2) For the purposes of this Act—
(a)the circumstances in which the defendant is to be treated as making a gift include those where he transfers property to another person directly or indirectly for a consideration the value of which is significantly less than the value of the consideration provided by the defendant; and
(b)in those circumstances, the provisions of subsection (1) above and of section 7 of this Act shall apply as if the defendant had made a gift of such share in the property as bears to the whole property the same proportion as the difference between the values referred to in paragraph (a) above bears to the value of the consideration provided by the defendant.