Regulation 21
Value of property
of Organised Crime Regulations 2016
Subsidiary LegislationIn forceProvision 21 of 24
Regulation 21
For the purposes of section 67(4) of the Act, the value of property held by a person (A) that is not cash is —
(a)
where any other person holds an interest in the property —
(i)
the market value of A’s beneficial interest in the property; less(ii)the amount required to discharge any incumbrance (other than a charging order) on that interest; and
(b)
in any other case, its market value.