Other Notices
THE TAXATION OF CHARGEABLE GAINS (GILT-EDGED SECURITIES) ORDER 2020
The Treasury, in exercise of the powers conferred by paragraph 1 of Schedule 9 to the Taxation of Chargeable Gains Act 1992, made the Capital Gains Tax (Gilt-edged Securities) Order 2020 on 09 July 2020.
The Order has been published as Statutory Instrument 2020 No. 715.
The Order adds seven Treasury Stocks to the list of gilt-edged securities to which the exemption under section 115 of the Taxation of Chargeable Gains Act 1992 applies. The effect of the exemption is that any gain arising on the disposal of such a gilt (or of any option or contract to acquire or dispose of such a gilt) is not a chargeable gain, and any loss arising in such circumstances is not an allowable loss, for the purpose of tax on chargeable gains.
The securities specified as ‘gilt-edged securities’ are:
| Name | First issue date |
| 0 5/8% Treasury Gilt 2025 | 03-Jul-2019 |
| 0 7/8% Treasury Gilt 2029 | 19-Jun-2019 |
| 1 5/8% Treasury Gilt 2054 | 15-May-2019 |
| 1¼ Treasury Gilt 2041 | 22-Jan-2020 |
| 0⅛% Treasury Gilt 2023 | 08-Apr-2020 |
| 0 3/8% Treasury Gilt 2030 | 13-May-2020 |
| 0½% Treasury Gilt 2061 | 20-May-2020 |
A list of gilts to which this and previous Orders apply may be found on the HM Revenue and Customs website (www.gov.uk/guidance/gilt-edged-securities-exempt-from-capital-gains-tax) or by writing to the address given below:
HM Revenue and Customs Ministerial Correspondence Unit
1st Floor
Ferrers House
PO Box 38
Castle Meadow Road
Nottingham
NG2 1BB