Taxation of Chargeable Gains Act 1992 section Schedule 11 paragraph 15

Gilt-edged securities past redemption date

Schedule 11 paragraph 15 ensures that certain older gilt-edged securities that had already been redeemed before the current legislation came into force continue to be recognised as gilt-edged securities.

• The definition of gilt-edged securities in Schedule 9 of the 1992 Act is extended to cover historically qualifying securities.
• Securities that qualified as gilt-edged under the earlier Capital Gains Tax Act 1979 are included in the current definition.
• This applies specifically to securities whose redemption date fell before 1st January 1992.
• The extended definition applies for the purposes of the 1992 Act and any other relevant legislation.