Released 26 May 2021
SI 2021/629 specifies ten securities as ‘gilt-edged securities’ for the purposes of the capital gains tax exemption from 26 May 2021.
The Taxation of Chargeable Gains (Gilt-edged Securities) Order 2021 specifies ten securities as ‘gilt-edged securities’ in the exercise of the power provided by the Taxation of Chargeable Gains Act 1992, Sch. 9, para. 1. TCGA 1992, s. 115 provides that gains on the disposal of ‘gilt-edged securities’ are not chargeable gains. They are not therefore subject to capital gains tax (or, for companies, corporation tax). The Order was made on 26 May 2021.