Capital gains tax | Commentary

C2.825 Exemption

Capital gains tax | Commentary

Gilt-edged securities

C2.825 Exemption

A gain is not a chargeable gain for the purposes of capital gains tax or corporation tax on chargeable gains, if it accrues on the disposal of gilt-edged securities after 1 July 19861.

Gilt-edged securities are defined for this purpose as those securities specified in TCGA 1992, Sch 9, Pt II2, and any such stocks and bonds issued under the National Loans Act 1968, s 12, denominated in sterling and issued after 15 April 1969, as may be specified by statutory instrument3. Particulars of a Treasury Order specifying a stock must be published in the London

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