Page 710 - IOM Law Society Rules Book

332 Proceeds of Crime Act 2008 c.13

(b) any free property held by the recipient of a tainted gift.

Property: 132. (1) Property is all property wherever situated and includes —
general
provisions
(a) money;
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(b) all forms of real or personal property;

(c) things in action and other intangible or incorporeal property.

(2) The following rules apply in relation to property —

(a) property is held by a person if the person holds an
interest in it;

(b) property is obtained by a person if the person obtains
an interest in it;

(c) property is transferred by one person to another if the
first one transfers or grants an interest in it to the second;

(d) references to property held by a person include
references to property vested in the person’s trustee in
bankruptcy or liquidator;

(e) references to an interest held by a person beneficially
in property include references to an interest which
would be held by that person beneficially if the property
were not so vested;

(f) references to an interest in relation to land in the Island
are to any legal estate or equitable interest or power;

(g) references to an interest, in relation to property other
than land, include references to a right (including a right
to possession).

Proceedings 133. (1) Proceedings for an offence are started —

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(a) when a justice of the peace issues a summons or warrant
[c.15] under section 4 of the Summary Jurisdiction Act 1989
(issue of summons to, or warrant for arrest of, accused)
in respect of the offence;

(b) when a person is charged with the offence after being
taken into custody without a warrant.

(2) If more than one time is found under subsection (1) in
relation to proceedings they are started at the earliest of them.