{
  "url": "https://openlegislation.uk/proceeds-of-crime-act-2002/section-81",
  "json_url": "https://openlegislation.uk/proceeds-of-crime-act-2002/section-81.json",
  "legislation": "ukpga/2002/29",
  "legislation_title": "Proceeds of Crime Act 2002",
  "legislation_url": "https://openlegislation.uk/proceeds-of-crime-act-2002",
  "path": "section/81",
  "kind": "section",
  "number": "81",
  "heading": "Value of tainted gifts",
  "text": "(1) The value at any time (the material time) of a tainted gift is the greater of the following—\n(a) the value (at the time of the gift) of the property given, adjusted to take account of later changes in the value of money;\n(b) the value (at the material time) of the property found under subsection (2).\n(2) The property found under this subsection is as follows—\n(a) if the recipient holds the property given, the property found under this subsection is that property;\n(b) if the recipient holds no part of the property given, the property found under this subsection is any property which directly or indirectly represents it in his hands;\n(c) if the recipient holds part of the property given, the property found under this subsection is that part and any property which directly or indirectly represents the other part in his hands.\n(3) The references in subsection (1)(a) and (b) to the value are to the value found in accordance with section 79.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "Pt. 2 applied by Terrorism Act 2000 (c. 11), Sch. 8 paras. 8(5A), 34(3A) (as substituted (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 11 para. 39(2)(5); S.S.I. 2003/210, art. 2(1)(b)(2), sch. (with art. 7); S.I. 2003/333, art. 2, Sch.)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Pt. 2 applied by Police and Criminal Evidence Act 1984 (c. 60), ss. 56(5B), 58(8B) (as substituted (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 11 para. 14(2)(3); S.I. 2003/333, art. 2, Sch.)"
    },
    {
      "type": "C",
      "label": "C3",
      "text": "Pt. 2 applied (with modifications) (1.6.2015) by The Restraint Orders (Legal Aid Exception and Relevant Legal Aid Payments) Regulations 2015 (S.I. 2015/868), regs. 1, 5 (with reg. 4)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 81 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/81",
    "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."
}