The Treasury, in exercise of the powers conferred by paragraph 1 of Schedule 9 to the Taxation of Chargeable Gains Act 1992, made the Capital Gains Tax (Gilt-edged Securities) Order 2021 on 26 May 2021.

The Order has been published as Statutory Instrument 2021 No. 629.

The Order adds 10 Treasury Stocks to the list of gilt-edged securities to which the exemption under section 115 of the Taxation of Chargeable Gains Act 1992 applies. The effect of the exemption is that any gain arising on the disposal of such a gilt (or of any option or contract to acquire or dispose of such a gilt) is not a chargeable gain, and any loss arising in such circumstances is not an allowable loss, for the purpose of tax on chargeable gains.

The securities specified as ‘gilt-edged securities’ are:

A list of gilts to which this and previous Orders apply may be found on the HM Revenue and Customs website (www.gov.uk/guidance/gilt-edged-securities-exempt-from-capital-gains-tax) or by writing to the address given below:

HM Revenue and Customs Ministerial Correspondence Unit

1st Floor

Ferrers House

PO Box 38

Castle Meadow Road

Nottingham

NG2 1BB