The Taxation of Chargeable Gains (Gilt-edged Securities) Order, SI 2021/629 provides that ten specified securities are ‘gilt-edged securities’ and therefore gains on their disposal are not chargeable gains for CGT (or corporation tax on chargeable gains) purposes.
TCGA 1992 s 115 provides that gains on the disposal of ‘gilt-edged securities’ are not chargeable gains. TCGA 1992 Sch 9 para 1 defines ‘gilt-edged securities’, and this definition incorporates certain securities that are specified by order made by the Treasury. The ten securities specified in the Order are so designated under that power.
The Taxation of Chargeable Gains (Gilt-edged Securities) Order, SI 2021/629 provides that ten specified securities are ‘gilt-edged securities’ and therefore gains on their disposal are not chargeable gains for CGT (or corporation tax on chargeable gains) purposes.
TCGA 1992 s 115 provides that gains on the disposal of ‘gilt-edged securities’ are not chargeable gains. TCGA 1992 Sch 9 para 1 defines ‘gilt-edged securities’, and this definition incorporates certain securities that are specified by order made by the Treasury. The ten securities specified in the Order are so designated under that power.
