The Taxation of Chargeable Gains (Gilt-edged Securities) Order 2012
Section 115 of the Taxation of Chargeable Gains Act 1992 (“TCGA”) provides that gains on the disposal of “gilt-edged securities” are not subject to capital gains tax. “Gilt-edged securities” are defined by Schedule 9 to the TCGA. Schedule 9 TCGA also provides that the Treasury may make an order specifying that certain additional stocks and bonds are also to be defined as “gilt-edged securities” for the purposes of the TCGA. In the exercise of that power this Order specifies 5 securities that are to be treated as “gilt-edged securities”.