HMRC has issued a list of gilt-edged stocks and bonds that are charged on the National Loans Fund and therefore benefit from exemption from Capital Gains Tax. The exemption applies to gains made on disposal of these qualifying government securities. Traders and investors dealing in gilts should refer to this official list to identify which instruments attract CGT relief on gains. This exemption is a longstanding feature of UK tax law for government debt securities.
Source: HMRC (GOV.UK) – Read the original