# The Proceeds of Crime Act 2002 (External Requests and Orders) Order 2005, Article 51: Gifts and their recipients

Extent: E+W+S+N.I.

(1) In this Part, a defendant is to be treated as making a gift if he transfers property to another person for a consideration whose value is significantly less than the value of the property at the time of the transfer.
(2) If paragraph (1) applies, the property given is to be treated as such share in the property transferred as is represented by the fraction—
(a) whose numerator is the difference between the two values mentioned in paragraph (1), and
(b) whose denominator is the value of the property at the time of the transfer.
(3) In this Part references to a recipient of a tainted gift are to a person to whom the defendant has made the gift.

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Source: https://www.legislation.gov.uk/uksi/2005/3181/article/51 (the official version)
Page: https://openlegislation.uk/proceeds-of-crime-act-2002-external-requests-and-orders-order-2005/article-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.