# Finance Act 1990, Paragraph 5

Extent: E+W+S+N.I.

(1) For the purposes of the 1992 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 Broadcasting Act 1981.

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Source: https://www.legislation.gov.uk/ukpga/1990/29/schedule/12/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-1990/schedule-12/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.