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CGT: gilt-edged securities

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The Taxation of Chargeable Gains (Gilt-edged Securities) Order, SI 2020/715 specifies seven securities as ‘gilt-edged securities’. TCGA 1992 s 115 provides that gains on the disposal of gilt-edged securities are not chargeable gains and are therefore not subject to CGT or corporation tax on chargeable gains.

Issue: 1496
Categories: News