{
  "url": "https://openlegislation.uk/capital-gains-tax-gilt-edged-securities-order-2002/note",
  "json_url": "https://openlegislation.uk/capital-gains-tax-gilt-edged-securities-order-2002/note.json",
  "legislation": "uksi/2002/2849",
  "legislation_title": "The Capital Gains Tax (Gilt-edged Securities) Order 2002",
  "legislation_url": "https://openlegislation.uk/capital-gains-tax-gilt-edged-securities-order-2002",
  "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 (“the 1992 Act”).\nOther gilt-edged securities disposals of which are exempt from tax on chargeable gains in accordance with section 115 of the 1992 Act are specified in Part II of Schedule 9 to the 1992 Act and in S.I. 1993/950, 1994/2656, 1996/1031 and 2001/1122, and are listed below.\nStocks and bonds charged on the National Loans Fund\n2½%\nAnnuities 1905 or after\n2¾%\nAnnuities 1905 or after\n2½%\nConsolidated Stock 1923 or after\n3½%\nWar Loan 1952 or after\n4%\nConsolidated Loan 1957 or after\n3½%\nConversion Loan 1961 or after\n3%\nTreasury Stock 1966 or after\n2½%\nTreasury Stock 1975 or after\n12¾%\nTreasury Loan 1992\n8%\nTreasury Loan 1992\n10%\nTreasury Stock 1992\n3%\nTreasury Stock 1992\n12¼%\nExchequer Stock 1992\n13½%\nExchequer Stock 1992\n10½%\nTreasury Convertible Stock 1992\n2%\nIndex-Linked Treasury Stock 1992\n12½%\nTreasury Loan 1993\n6%\nFunding Loan 1993\n13¾%\nTreasury Loan 1993\n10%\nTreasury Loan 1993\n8¼%\nTreasury Stock 1993\n14½%\nTreasury Loan 1994\n12½%\nExchequer Stock 1994\n9%\nTreasury Loan 1994\n10%\nTreasury Loan 1994\n13½%\nExchequer Stock 1994\n8½%\nTreasury Stock 1994\n8½%\nTreasury Stock 1994 “A”\n2%\nIndex-Linked Treasury Stock 1994\n3%\nExchequer Gas Stock 1990-95\n12%\nTreasury Stock 1995\n10¼%\nExchequer Stock 1995\n12¾%\nTreasury Loan 1995\n9%\nTreasury Loan 1992-96\n15¼%\nTreasury Loan 1996\n13¼%\nExchequer Loan 1996\n14%\nTreasury Stock 1996\n2%\nIndex-Linked Treasury Stock 1996\n10%\nConversion Stock 1996\n10%\nConversion Stock 1996 “A”\n10%\nConversion Stock 1996 “B”\n13¼%\nTreasury Loan 1997\n10½%\nExchequer Stock 1997\n8¾%\nTreasury Loan 1997\n8¾%\nTreasury Loan 1997 “B”\n8¾%\nTreasury Loan 1997 “C”\n8¾%\nTreasury Loan 1997 “D”\n8¾%\nTreasury Loan 1997 “E”\n15%\nExchequer Stock 1997\n7%\nTreasury Convertible Stock 1997\n6¾%\nTreasury Loan 1995-98\n15½%\nTreasury Loan 1998\n12%\nExchequer Stock 1998\n12%\nExchequer Stock 1998 “A”\n9¾%\nExchequer Stock 1998\n9¾%\nExchequer Stock 1998 “A”\n7¼%\nTreasury Stock 1998 “A”\n7¼%\nTreasury Stock 1998 “B”\n12%\nExchequer Stock 1998 “B”\n4⅝%\nIndex-Linked Treasury Stock 1998\n7¼%\nTreasury Stock 1998\n9½%\nTreasury Loan 1999\n10½%\nTreasury Stock 1999\n12¼%\nExchequer Stock 1999\n12¼%\nExchequer Stock 1999 “A”\n12¼%\nExchequer Stock 1999 “B”\n2½%\nIndex-Linked Treasury Convertible Stock 1999\n10¼%\nConversion Stock 1999\n6%\nTreasury Stock 1999\nFloating Rate\nTreasury Stock 1999\n9%\nConversion Stock 2000\n9%\nConversion Stock 2000 “A”\n9%\nConversion Stock 2000 “B”\n9%\nConversion Stock 2000 “C”\n8½%\nTreasury Loan 2000\n8%\nTreasury Stock 2000\n8%\nTreasury Stock 2000 “A”\n13%\nTreasury Stock 2000\n13%\nTreasury Stock 2000 “A”\n7%\nTreasury Stock 2001\n7%\nTreasury Stock 2001 “A”\n14%\nTreasury Stock 1998-2001\n2½%\nIndex-Linked Treasury Stock 2001\n9¾%\nConversion Stock 2001\n10%\nTreasury Stock 2001\n9½%\nConversion Loan 2001\n10%\nTreasury Stock 2001 “A”\n10%\nTreasury Stock 2001 “B”\nFloating Rate\nTreasury Stock 2001\n12%\nExchequer Stock 1999-2002\n12%\nExchequer Stock 1999-2002 “A”\n9½%\nConversion Stock 2002\n10%\nConversion Stock 2002\n9%\nExchequer Stock 2002\n7%\nTreasury Stock 2002\n9¾%\nTreasury Stock 2002\n9¾%\nTreasury Stock 2002 “A”\n9¾%\nTreasury Stock 2002 “B”\n9¾%\nTreasury Stock 2002 “C”\n13¾%\nTreasury Stock 2000-2003\n13¾%\nTreasury Stock 2000-2003 “A”\n2½%\nIndex-Linked Treasury Stock 2003\n9¾%\nConversion Loan 2003\n6½%\nTreasury Stock 2003\n8%\nTreasury Stock 2003\n8%\nTreasury Stock 2003 “A”\n10%\nTreasury Stock 2003\n10%\nTreasury Stock 2003 “A”\n10%\nTreasury Stock 2003 “B”\n3½%\nFunding Stock 1999-2004\n11½%\nTreasury Stock 2001-2004\n9½%\nConversion Stock 2004\n10%\nTreasury Stock 2004\n6¾%\nTreasury Stock 2004\n5%\nTreasury Stock 2004\n6¾%\nTreasury Stock 2004 “A”\n43/8%\nIndex-Linked Treasury Stock 2004\n9½%\nConversion Stock 2004 “A”\n12½%\nTreasury Stock 2003-2005\n12½%\nTreasury Stock 2003-2005 “A”\n10½%\nExchequer Stock 2005\n9½%\nConversion Stock 2005\n9½%\nConversion Stock 2005 “A”\n8½%\nTreasury Stock 2005\n8%\nTreasury Loan 2002-2006\n8%\nTreasury Loan 2002-2006 “A”\n2%\nIndex-Linked Treasury Stock 2006\n9¾%\nConversion Stock 2006\n7½%\nTreasury Stock 2006\n7¾%\nTreasury Stock 2006\n11¾%\nTreasury Stock 2003-2007\n11¾%\nTreasury Stock 2003-2007 “A”\n7¼%\nTreasury Stock 2007\n8½%\nTreasury Loan 2007\n8½%\nTreasury Loan 2007 “A”\n8½%\nTreasury Loan 2007 “B”\n8½%\nTreasury Loan 2007 “C”\n13½%\nTreasury Stock 2004-2008\n9%\nTreasury Loan 2008\n9%\nTreasury Loan 2008 “A”\n9%\nTreasury Loan 2008 “B”\n9%\nTreasury Loan 2008 “C”\n9%\nTreasury Loan 2008 “D”\n2½%\nIndex-Linked Treasury Stock 2009\n5¾%\nTreasury Stock 2009\n8%\nTreasury Stock 2009\n8%\nTreasury Stock 2009 “A”\n6¼%\nTreasury Stock 2010\n2½%\nIndex-Linked Treasury Stock 2011\n9%\nConversion Loan 2011\n9%\nConversion Loan 2011 “A”\n9%\nConversion Loan 2011 “B”\n9%\nConversion Loan 2011 “C”\n9%\nConversion Loan 2011 “D”\n5½%\nTreasury Stock 2008-2012\n9%\nTreasury Stock 2012\n9%\nTreasury Stock 2012 “A”\n2½%\nIndex-Linked Treasury Stock 2013\n8%\nTreasury Stock 2013\n7¾%\nTreasury Loan 2012-2015\n8%\nTreasury Stock 2015\n8%\nTreasury Stock 2015 “A”\n2½%\nTreasury Stock 1986-2016\n2½%\nIndex-Linked Treasury Stock 2016\n2½%\nIndex-Linked Treasury Stock 2016 “A”\n12%\nExchequer Stock 2013-2017\n8¾%\nTreasury Stock 2017\n8¾%\nTreasury Stock 2017 “A”\n2½%\nIndex-Linked Treasury Stock 2020\n8%\nTreasury Stock 2021\n2½%\nIndex-Linked Treasury Stock 2024\n6%\nTreasury Stock 2028\n4⅛%\nIndex-Linked Treasury Stock 2030\n4¼%\nTreasury Stock 2032\nSecurities issued by certain public corporations and guaranteed by the Treasury\n3%\nNorth 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/2002/2849/note",
    "retrieved_at": "2026-10-29T06:39:56.373769+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."
}