C2C1C3C7C6C8C9Part 2Confiscation: England and Wales

Annotations:

F1Interpretation

Annotations:
Amendments (Textual)
F1

Ss. 47A-47S and cross-heading inserted (22.11.2014 for the insertion of ss. 47A, 47G, 47S(1)-(5) for specified purposes, 1.6.2015 in so far as not already in force) by Policing and Crime Act 2009 (c. 26), ss. 55(2), 116(1); S.I. 2014/3101, art. 3; S.I. 2015/983, art. 2(2)(a)

I1C2C184C2C1C9 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—

C4a

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;

C5c

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

C5d

references to property held by a person include references to property vested in his trustee in bankruptcy F2or liquidator or in the trustee or interim trustee in the sequestration, under the Bankruptcy (Scotland) Act 2016), of his estate;

C5e

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;

C5f

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

C5g

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).