Taxation of Chargeable Gains Act 1992 section X

Part II – Existing gilt-edged securities

Part II of the Schedule lists the specific existing gilt-edged securities that are exempt from capital gains tax under the Taxation of Chargeable Gains Act 1992.

• The list comprises over 100 individual government stocks, loans, and bonds charged on the National Loans Fund, with coupon rates ranging from 2% to 15½% and maturity dates spanning from 1992 to 2024, as well as several undated or perpetual gilts.
• The securities include Treasury Loans, Treasury Stock, Exchequer Stock, Conversion Stock, Conversion Loans, Funding Stock, Funding Loans, Consolidated Stock, Consolidated Loans, War Loan, and index-linked Treasury Stock of various series and designations (including "A", "B", and "C" variants).
• A number of undated or very long-dated gilts are included, such as 2½% Annuities 1905 or after, 2½% Consolidated Stock 1923 or after, 4% Consolidated Loan 1957 or after, 3½% Conversion Loan 1961 or after, and 3½% War Loan 1952 or after.
• The list also includes one security issued by a public corporation and guaranteed by the Treasury: 3% North of Scotland Electricity Stock 1989–92.