Possession of stolen goods
England and Wales

Stolen goods: This term means property stolen anywhere, as long as the theft amounted to an offence where committed. It includes any proceeds of that property, including money for which it has been sold, and anything bought with those proceeds. However, property which has been returned to the original owner, or otherwise lawful custody, is no longer regarded as stolen, by section 24(3). This may create difficulties, as in Haughton v Smith. It is not necessary that the property be "stolen" in a limited sense; section 24(4) of the Act specifically extends the scope to property obtained by fraud or blackmail. However, it is also implicit in the definition of offences such as burglary or robbery that handling may apply to the proceeds of these offences.
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