Part 2

Confiscation: England and Wales

Interpretation

Value of property obtained from conduct
80
1
This section applies for the purpose of deciding the value of property obtained by a person as a result of or in connection with his criminal conduct; and the material time is the time the court makes its decision.
2
The value of the property at the material time is the greater of the following—
a
the value of the property (at the time the person obtained it) 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 (3).
3
The property found under this subsection is as follows—
a
if the person holds the property obtained, the property found under this subsection is that property;
b
if he holds no part of the property obtained, the property found under this subsection is any property which directly or indirectly represents it in his hands;
c
if he holds part of the property obtained, the property found under this subsection is that part and any property which directly or indirectly represents the other part in his hands.
4
The references in subsection (2)(a) and (b) to the value are to the value found in accordance with section 79.