{
  "url": "https://openlegislation.uk/proceeds-of-crime-act-2002/section-226",
  "json_url": "https://openlegislation.uk/proceeds-of-crime-act-2002/section-226.json",
  "legislation": "ukpga/2002/29",
  "legislation_title": "Proceeds of Crime Act 2002",
  "legislation_url": "https://openlegislation.uk/proceeds-of-crime-act-2002",
  "path": "section/226",
  "kind": "section",
  "number": "226",
  "heading": "Gifts and their recipients",
  "text": "(1) If the defendant 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, he is to be treated as making a gift.\n(2) If subsection (1) applies the property given is to be treated as such share in the property transferred as is represented by the fraction—\n(a) whose numerator is the difference between the two values mentioned in subsection (1), and\n(b) whose denominator is the value of the property at the time of the transfer.\n(3) References to a recipient of a tainted gift are to a person to whom the defendant has made the gift.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "Pt. 4 applied by S.I. 1989/1341 (N.I. 12), arts. 57(5B), 59(8B) (as substituted (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), Supreme Court s. 458(1), Sch. 11 para. 19(2)(3); S.I. 2003/333, art. 2, Sch.)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 226 in force at 24.3.2003 by S.I. 2003/333, art. 2, Sch."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2002/29/section/226",
    "retrieved_at": "2026-10-29T09:19:19.387180+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}