SCHEDULES
C1SCHEDULE 12Taking control of goods
Part 2The procedure
Abandonment of goods other than securities
52
Paragraphs 53 and 54 apply to controlled goods other than—
a
securities;
b
money to which paragraph 37(1) does not apply.
53
1
Controlled goods are abandoned if the enforcement agent does not give the debtor or any co-owner notice under paragraph 40 (notice of sale) within the permitted period.
2
Controlled goods are abandoned if they are unsold after a sale of which notice has been given in accordance with that paragraph.
3
Regulations may prescribe other circumstances in which controlled goods are abandoned.
54
1
If controlled goods are abandoned then, in relation to the enforcement power concerned, the following apply—
a
the enforcement power ceases to be exercisable;
b
as soon as reasonably practicable the enforcement agent must make the goods available for collection by the debtor, if he removed them from where he found them.
2
Regulations may make further provision about arrangements under sub-paragraph (1)(b), including in particular provision about the disposal of goods uncollected after a prescribed period.
3
Where the enforcement power was under a writ or warrant, sub-paragraph (1) does not affect any power to issue another writ or warrant.
Sch. 12 applied (prosp.) by Finance Act 2008 (c. 9), ss. 127(2), 129(4)