Schedule 12 Broadcasting: Transfer of Undertakings of Independent Broadcasting Authority and Cable Authority

1. Transfer of IBA’s transmission activities to nominated company: corporation tax
2. Transfer of IBA’s assets to Commission and Radio Authority: chargeable gains
3. Disposal by IBA of DBS assets to DBS programme contractor: chargeable gains
4. Transfer of Cable Authority’s assets to Commission: chargeable gains
5. Transfer of shares from Commission to Channel 4 company: chargeable gains
6. Apportionment of unallowed capital losses between relevant transferees
7. Roll-over relief in connection with nominated company
8. Disputes as to apportionments etc.
9. Securities of nominated company
10. Interpretation