{
  "url": "https://openlegislation.uk/capital-gains-tax-gilt-edged-securities-order-2001/note",
  "json_url": "https://openlegislation.uk/capital-gains-tax-gilt-edged-securities-order-2001/note.json",
  "legislation": "uksi/2001/1122",
  "legislation_title": "The Capital Gains Tax (Gilt-edged Securities) Order 2001",
  "legislation_url": "https://openlegislation.uk/capital-gains-tax-gilt-edged-securities-order-2001",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order specifies gilt-edged securities disposals of which are exempt from tax on chargeable gains in accordance with section 115 of the Taxation of Chargeable Gains Act 1992 (c. 12) (“section 115”).\nOther gilt-edged securities disposals of which are exempt from tax on chargeable gains in accordance with section 115 are specified in Part II of Schedule 9 to the 1992 Act and in S.I. 1993/950, 1994/2656 and 1996/1031, and are listed below.\nStocks and bonds charged on the National Loans Fund\n2½% Annuities 1905 or after\n2¾% Annuities 1905 or after\n2½% Consolidated Stock 1923 or after\n3½% War Loan 1952 or after\n4% Consolidated Loan 1957 or after\n3½% Conversion Loan 1961 or after\n3% Treasury Stock 1966 or after\n2½% Treasury Stock 1975 or after\n12¾% Treasury Loan 1992\n8% Treasury Loan 1992\n10% Treasury Stock 1992\n3% Treasury Stock 1992\n12¼% Exchequer Stock 1992\n13½% Exchequer Stock 1992\n10½% Treasury Convertible Stock 1992\n2% Index-Linked Treasury Stock 1992\n12½% Treasury Loan 1993\n6% Funding Loan 1993\n13¾% Treasury Loan 1993\n10% Treasury Loan 1993\n8¼% Treasury Stock 1993\n14½% Treasury Loan 1994\n12½% Exchequer Stock 1994\n9% Treasury Loan 1994\n10% Treasury Loan 1994\n13½% Exchequer Stock 1994\n8½% Treasury Stock 1994\n8½% Treasury Stock 1994 “A”\n2% Index-Linked Treasury Stock 1994\n3% Exchequer Gas Stock 1990–95\n12% Treasury Stock 1995\n10¼% Exchequer Stock 1995\n12¾% Treasury Loan 1995\n9% Treasury Loan 1992–96\n15¼% Treasury Loan 1996\n13¼% Exchequer Loan 1996\n14% Treasury Stock 1996\n2% Index-Linked Treasury Stock 1996\n10% Conversion Stock 1996\n10% Conversion Stock 1996 “A”\n10% Conversion Stock 1996 “B”\n13¼% Treasury Loan 1997\n10½% Exchequer Stock 1997\n8¾% Treasury Loan 1997\n8¾% Treasury Loan 1997 “B”\n8¾% Treasury Loan 1997 “C”\n8¾% Treasury Loan 1997 “D”\n8¾% Treasury Loan 1997 “E”\n15% Exchequer Stock 1997\n7% Treasury Convertible Stock 1997\n6¾% Treasury Loan 1995–98\n15½% Treasury Loan 1998\n12% Exchequer Stock 1998\n12% Exchequer Stock 1998 “A”\n9¾% Exchequer Stock 1998\n9¾% Exchequer Stock 1998 “A”\n7¼% Treasury Stock 1998 “A”\n7¼% Treasury Stock 1998 “B”\n12% Exchequer Stock 1998 “B”\n4⅝% Index-Linked Treasury Stock 1998\n7¼% Treasury Stock 1998\n9½% Treasury Loan 1999\n10½% Treasury Stock 1999\n12¼% Exchequer Stock 1999\n12¼% Exchequer Stock 1999 “A”\n12¼% Exchequer Stock 1999 “B”\n2½% Index-Linked Treasury Convertible Stock 1999\n10¼% Conversion Stock 1999\n6% Treasury Stock 1999\nFloating Rate Treasury Stock 1999\n9% Conversion Stock 2000\n9% Conversion Stock 2000 “A”\n9% Conversion Stock 2000 “B”\n9% Conversion Stock 2000 “C”\n8½% Treasury Loan 2000\n8% Treasury Stock 2000\n8% Treasury Stock 2000 “A”\n13% Treasury Stock 2000\n13% Treasury Stock 2000 “A”\n7% Treasury Stock 2001\n7% Treasury Stock 2001 “A”\n14% Treasury Stock 1998–2001\n2½% Index-Linked Treasury Stock 2001\n9¾% Conversion Stock 2001\n10% Treasury Stock 2001\n9½% Conversion Loan 2001\n10% Treasury Stock 2001 “A”\n10% Treasury Stock 2001 “B”\n12% Exchequer Stock 1999–2002\n12% Exchequer Stock 1999–2002 “A”\n9½% Conversion Stock 2002\n10% Conversion Stock 2002\n9% Exchequer Stock 2002\n9¾% Treasury Stock 2002\n9¾% Treasury Stock 2002 “A”\n9¾% Treasury Stock 2002 “B”\n9¾% Treasury Stock 2002 “C”\n13¾% Treasury Stock 2000–2003\n13¾% Treasury Stock 2000–2003 “A”\n2½% Index-Linked Treasury Stock 2003\n9¾% Conversion Loan 2003\n8% Treasury Stock 2003\n8% Treasury Stock 2003 “A”\n10% Treasury Stock 2003\n10% Treasury Stock 2003 “A”\n10% Treasury Stock 2003 “B”\n3½% Funding Stock 1999–2004\n11½% Treasury Stock 2001–2004\n9½% Conversion Stock 2004\n10% Treasury Stock 2004\n6¾% Treasury Stock 2004\n6¾% Treasury Stock 2004 “A”\n4⅜% Index-Linked Treasury Stock 2004\n9½% Conversion Stock 2004 “A”\n12½% Treasury Stock 2003–2005\n12½% Treasury Stock 2003–2005 “A”\n10½% Exchequer Stock 2005\n9½% Conversion Stock 2005\n9½% Conversion Stock 2005 “A”\n8½% Treasury Stock 2005\n8% Treasury Loan 2002–2006\n8% Treasury Loan 2002–2006 “A”\n2% Index-Linked Treasury Stock 2006\n9¾% Conversion Stock 2006\n7½% Treasury Stock 2006\n7¾% Treasury Stock 2006\n11¾% Treasury Stock 2003–2007\n11¾% Treasury Stock 2003–2007 “A”\n8½% Treasury Loan 2007\n8½% Treasury Loan 2007 “A”\n8½% Treasury Loan 2007 “B”\n8½% Treasury Loan 2007 “C”\n13½% Treasury Stock 2004–2008\n9% Treasury Loan 2008\n9% Treasury Loan 2008 “A”\n9% Treasury Loan 2008 “B”\n9% Treasury Loan 2008 “C”\n9% Treasury Loan 2008 “D”\n2½% Index-Linked Treasury Stock 2009\n8% Treasury Stock 2009\n8% Treasury Stock 2009 “A”\n6¼% Treasury Stock 2010\n2½% Index-Linked Treasury Stock 2011\n9% Conversion Loan 2011\n9% Conversion Loan 2011 “A”\n9% Conversion Loan 2011 “B”\n9% Conversion Loan 2011 “C”\n9% Conversion Loan 2011 “D”\n5½% Treasury Stock 2008–2012\n9% Treasury Stock 2012\n9% Treasury Stock 2012 “A”\n2½% Index-Linked Treasury Stock 2013\n8% Treasury Stock 2013\n7¾% Treasury Loan 2012–2015\n8% Treasury Stock 2015\n8% Treasury Stock 2015 “A”\n2½% Treasury Stock 1986–2016\n2½% Index-Linked Treasury Stock 2016\n2½% Index-Linked Treasury Stock 2016 “A”\n12% Exchequer Stock 2013–2017\n8¾% Treasury Stock 2017\n8¾% Treasury Stock 2017 “A”\n2½% Index-Linked Treasury Stock 2020\n2½% Index-Linked Treasury Stock 2024\n4⅛% Index-Linked Treasury Stock 2030\nSecurities issued by certain public corporations and guaranteed by the Treasury\n3% North of Scotland Electricity Stock 1989–92",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/1122/note",
    "retrieved_at": "2026-10-29T07:53:52.510835+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}