Treasury

Taxation of Chargeable Gains Act 19922005-02-092005-02-18NG21BB-1.13558352.945127NG2 1BBThe City of NottinghamTSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk257881401/3071401/307

Treasury

STATUTORY INSTRUMENTS 2005 NO 276 TAXES

THE CAPITAL GAINS TAX (GILT-EDGED SECURITIES) ORDER 2005

The Treasury, in exercise of the power conferred by paragraph 1 of Schedule 9 to the Taxation of Chargeable Gains Act 1992, made the Capital Gains Tax (Gilt-edged Securities) Order 2005 on 9 February 2005.

The Order adds two 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 purposes of tax on chargeable gains.

A list of gilts to which this and previous Orders apply may be found on the Inland Revenue Website (www.inlandrevenue.gov.uk) or obtained by writing to the address given below:

Inland Revenue

Capital & Savings Ministerial Correspondence Unit

1st Floor

Ferrers House

PO Box 38

Castle Meadow Road

Nottingham

NG2 1BB