http://www.legislation.gov.uk/ukpga/1990/29/schedule/12/paragraph/5
Finance Act 1990
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.
1990-07-26
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Statute Law Database
2017-12-19
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2013-04-01
SCHEDULES
SCHEDULE 12 Broadcasting: Transfer of Undertakings of Independent Broadcasting Authority and Cable Authority
Transfer of shares from Commission to Channel 4 company: chargeable gains
5
1
For the purposes of the F11992 Act the transfer by the principal Act of shares in the Channel 4 company from the Commission to the Channel Four Television Corporation shall be deemed to be for a consideration such that no gain or loss accrues to the Commission.
2
In sub-paragraph (1) “the Channel 4 company” means the body corporate referred to in section 12(2) of the M1Broadcasting Act 1981.