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The Taxation of Chargeable Gains (Gilt-edged Securities) Order 2026

S.I. 2026/725 · Made 30 June 2026

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

CAPITAL GAINS TAX

CORPORATION TAX

Made 30th June 2026

The Treasury make this Order in exercise of the powers conferred by paragraph 1 of Schedule 9 to the Taxation of Chargeable Gains Act 1992f1.

Annotations to the whole text

Footnotes

f1

1992 c. 12.

Contents

  1. 1Citation
  2. 2Securities specified as gilt-edged securities
  3. Signature
  4. Explanatory note

1Citation

This Order may be cited as the Taxation of Chargeable Gains (Gilt-edged Securities) Order 2026.

2Securities specified as gilt-edged securities

For the purposes of the Taxation of Chargeable Gains Act 1992 the following securities are specified as “gilt-edged securities”—

  • 4½% Treasury Gilt 2035

  • 1⅞% Index-linked Treasury Gilt 2049

  • 5⅜% Treasury Gilt 2056

  • 1¾% Index-linked Treasury Gilt 2038

  • 4¾% Treasury Gilt 2035

  • 4% Treasury Gilt 2029

  • 5¼% Treasury Gilt 2041

  • 4⅛% Treasury Gilt 2031

  • 4⅛% Treasury Gilt 2033

  • 4⅝% Green Gilt 2037

  • 4⅞% Treasury Gilt 2036.

Signature

Christian Wakeford

Deirdre Costigan

Two of the Lords Commissioners of His Majesty’s Treasury

30th June 2026

Explanatory note

(This note is not part of the Order)

Section 115 of the Taxation of Chargeable Gains Act 1992 (c. 12) provides that gains on the disposal of “gilt-edged securities” are not chargeable gains. They are not therefore subject to capital gains tax or, for companies, corporation tax on any gains. Paragraph 1 of Schedule 9 to the Taxation of Chargeable Gains Act 1992 provides that “gilt-edged securities” are those securities specified in Part II of Schedule 9 and such stocks and bonds issued under section 12 of the National Loans Act 1968 (c. 13) denominated in sterling and issued after 15 April 1969, as may be specified by order made by the Treasury. In exercise of that power this Order specifies eleven further securities as “gilt-edged securities”.

A complete list of gilt-edged securities which are exempt from capital gains tax may be found online at https://www.gov.uk/guidance/gilt-edged-securities-exempt-from-capital-gains-tax or obtained by writing to Assets, Residence and Valuation Policy, HMRC, 3/63, 100 Parliament Street, London, SW1A 2BQ.

A Tax Information and Impact Note has not been prepared for this instrument as it contains no substantive changes to policy.