Paragraph 5
United Kingdom
(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.
Annotations
Textual amendments
- F1
Words in Sch. 12 paras. 4, 5, 6 substituted (6.3.1992 as mentioned in s. 289 (1)(2) of the substituting Act) by Taxation of Chargeable Gains Act 1992 (c. 12), s. 290, Sch. 10 para. 22(5)(b) (with ss. 60, 101(1), 201(3)).
Marginal citations
- M1