I’m guessing it’s the same as here in the US, but instead of “the state” owning the property, “the Crown” does. It probably just gets auctioned after some grace period (i.e. time for a legal heir to come forth).
But I’m pretty sure IP just goes to public domain here if there’s no legal heir. But I couldn’t find evidence for that, most sites just describe the process of finding an heir.
I’m guessing it’s the same as here in the US, but instead of “the state” owning the property, “the Crown” does. It probably just gets auctioned after some grace period (i.e. time for a legal heir to come forth).
But I’m pretty sure IP just goes to public domain here if there’s no legal heir. But I couldn’t find evidence for that, most sites just describe the process of finding an heir.