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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Taxation of Chargeable Gains (Gilt-edged Securities) Order 2012 No. 1843 URL: http://www.bailii.org/uk/legis/num_reg/2012/uksi_20121843_en_1.html |
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Statutory Instruments
Capital Gains Tax
Corporation Tax
Made
12th July 2012
The Treasury makes the following Order in exercise of the powers conferred by paragraph 1 of Schedule 9 to the Taxation of Chargeable Gains Act 1992(1).
1. This Order may be cited as the Taxation of Chargeable Gains (Gilt-edged Securities) Order 2012.
2. For the purpose of the Taxation of Chargeable Gains Act 1992 the following securities are specified as "gilt-edged securities"-
0 ¾ % Index-linked Treasury Gilt 2034
1 ¾ % Treasury Gilt 2017
3 ¾ % Treasury Gilt 2052
0 ⅜ % Index-Linked Treasury Gilt 2062
0 ⅛ % Index-Linked Treasury Gilt 2029.
Michael Fabricant
Jeremy Wright
Two of the Lords Commissioners of Her Majesty's Treasury
12th July 2012
(This note is not part of the Order)
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".
A complete list of gilts to which this and previous Orders apply may be found on the HM Revenue and Customs website (www.hmrc.gov.uk) or obtained by writing to the HM Revenue and Customs Ministerial Correspondence Unit, 1st Floor, Ferrers House, PO Box 38, Castle Meadow Road, Nottingham, NG2 1BB.
Statutory Instruments
Capital Gains Tax
Corporation Tax
Made
12th July 2012
The Treasury makes the following Order in exercise of the powers conferred by paragraph 1 of Schedule 9 to the Taxation of Chargeable Gains Act 1992(1).
1. This Order may be cited as the Taxation of Chargeable Gains (Gilt-edged Securities) Order 2012.
2. For the purpose of the Taxation of Chargeable Gains Act 1992 the following securities are specified as "gilt-edged securities"-
0 ¾ % Index-linked Treasury Gilt 2034
1 ¾ % Treasury Gilt 2017
3 ¾ % Treasury Gilt 2052
0 ⅜ % Index-Linked Treasury Gilt 2062
0 ⅛ % Index-Linked Treasury Gilt 2029.
Michael Fabricant
Jeremy Wright
Two of the Lords Commissioners of Her Majesty's Treasury
12th July 2012
(This note is not part of the Order)
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".
A complete list of gilts to which this and previous Orders apply may be found on the HM Revenue and Customs website (www.hmrc.gov.uk) or obtained by writing to the HM Revenue and Customs Ministerial Correspondence Unit, 1st Floor, Ferrers House, PO Box 38, Castle Meadow Road, Nottingham, NG2 1BB.
