The Taxation of Chargeable Gains (Gilt-edged Securities) Order SI 2025/553 specifies 14 securities as ‘gilt-edged’ securities for the purposes of TCGA 1992 s 115 meaning that any gains on disposals of those securities are not treated as chargeable gains for CGT purposes (or corporation tax on chargeable gains purposes). The effect of s 115 is that gains are not chargeable gains and losses accruing on disposals are also not allowable.
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The Taxation of Chargeable Gains (Gilt-edged Securities) Order SI 2025/553 specifies 14 securities as ‘gilt-edged’ securities for the purposes of TCGA 1992 s 115 meaning that any gains on disposals of those securities are not treated as chargeable gains for CGT purposes (or corporation tax on chargeable gains purposes). The effect of s 115 is that gains are not chargeable gains and losses accruing on disposals are also not allowable.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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