The Taxation of Chargeable Gains (Gilt-edged Securities) Order, SI 2022/754, provides that ten specified securities are ‘gilt-edged securities’ and therefore gains on their disposal are not chargeable gains for the purposes of capital gains tax or corporation tax on chargeable gains.
Taxation of Chargeable Gains Act 1992 s 115 provides that gains on the disposal of gilt-edged securities are not chargeable gains and are therefore not subject to CGT. Gilt-edged securities are those securities specified in either TCGA 1992 Sch 9 para 1 or a Treasury Order such as this new one.
The Taxation of Chargeable Gains (Gilt-edged Securities) Order, SI 2022/754, provides that ten specified securities are ‘gilt-edged securities’ and therefore gains on their disposal are not chargeable gains for the purposes of capital gains tax or corporation tax on chargeable gains.
Taxation of Chargeable Gains Act 1992 s 115 provides that gains on the disposal of gilt-edged securities are not chargeable gains and are therefore not subject to CGT. Gilt-edged securities are those securities specified in either TCGA 1992 Sch 9 para 1 or a Treasury Order such as this new one.
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