Guidance

Gilt-edged securities exempt from Capital Gains Tax

Check a list of gilt-edged stocks and bonds charged on the National Loans Fund.

From:
HM Revenue & Customs
Published
20 May 2014
Last updated
278 JuneSeptember 2023 — See all updates

This list shows the titles of gilt-edged securities which have a redemption date on or after 1 January 1992, disposals of which are exempt from tax on chargeable gains under section 115 of the Taxation of Chargeable Gains Act 1992.

HMRC updates this list each time a Treasury Order specifies further exempt gilts.

Stocks and bonds charged on the National Loans Fund

Percentage Title
2½% Annuities 1905 or after 
2¾% Annuities 1905 or after 
2½% Consolidated Stock 1923 or after 
3½% War Loan 1952 or after 
4% Consolidated Loan 1957 or after 
3½% Conversion Loan 1961 or after 
3% Treasury Stock 1966 or after 
2½% Treasury Stock 1975 or after 
12¾% Treasury Loan 1992 
8% Treasury Loan 1992 
10% Treasury Stock 1992 
3% Treasury Stock 1992 
12¼% Exchequer Stock 1992 
13½% Exchequer Stock 1992 
10½% Treasury Convertible Stock 1992 
2% Index-Linked Treasury Stock 1992 
12½% Treasury Loan 1993 
6% Funding Loan 1993 
13¾% Treasury Loan 1993 
10% Treasury Loan 1993 
8¼% Treasury Stock 1993 
14½% Treasury Loan 1994 
12½% Exchequer Stock 1994 
9% Treasury Loan 1994 
10% Treasury Loan 1994 
13½% Exchequer Stock 1994 
8½% Treasury Stock 1994 
8½% Treasury Stock 1994 ‘A’ 
2% Index-Linked Treasury Stock 1994 
3% Exchequer Gas Stock 1990 to 1995 
12% Treasury Stock 1995 
10¼% Exchequer Stock 1995 
12¾% Treasury Loan 1995 
9% Treasury Loan 1992 to 1996 
15¼% Treasury Loan 1996 
13¼% Exchequer Loan 1996 
14% Treasury Stock 1996 
2% Index-Linked Treasury Stock 1996 
10% Conversion Stock 1996 
10% Conversion Stock 1996 ‘A’ 
10% Conversion Stock 1996 ‘B’ 
13¼% Treasury Loan 1997 
10½% Exchequer Stock 1997 
8¾% Treasury Loan 1997 
8¾% Treasury Loan 1997 ‘B’ 
8¾% Treasury Loan 1997 ‘C’ 
8¾% Treasury Loan 1997 ‘D’ 
8¾% Treasury Loan 1997 ‘E’ 
15% Exchequer Stock 1997 
7% Treasury Convertible Stock 1997 
6¾% Treasury Loan 1995 to 1998 
15½% Treasury Loan 1998 
12% Exchequer Stock 1998 
12% Exchequer Stock 1998 ‘A’ 
9¾% Exchequer Stock 1998 
9¾% Exchequer Stock 1998 ‘A’ 
7¼% Treasury Stock 1998 ‘A’ 
7¼% Treasury Stock 1998 ‘B’ 
12% Exchequer Stock 1998 ‘B’ 
4⅝% Index-Linked Treasury Stock 1998 
7¼% Treasury Stock 1998 
9½% Treasury Loan 1999 
10½% Treasury Stock 1999 
12¼% Exchequer Stock 1999 
12¼% Exchequer Stock 1999 ‘A’ 
12¼% Exchequer Stock 1999 ‘B’ 
2½% Index-Linked Treasury Convertible Stock 1999 
10¼% Conversion Stock 1999 
6% Treasury Stock 1999 
– Floating Rate Treasury Stock 1999 
9% Conversion Stock 2000 
9% Conversion Stock 2000 ‘A’ 
9% Conversion Stock 2000 ‘B’ 
9% Conversion Stock 2000 ‘C’ 
8½% Treasury Loan 2000 
8% Treasury Stock 2000 
8% Treasury Stock 2000 ‘A’ 
13% Treasury Stock 2000 
13% Treasury Stock 2000 ‘A’ 
7% Treasury Stock 2001 
7% Treasury Stock 2001 ‘A’ 
14% Treasury Stock 1998 to 2001 
2½% Index-Linked Treasury Stock 2001 
9¾% Conversion Stock 2001 
10% Treasury Stock 2001 
9½% Conversion Loan 2001 
10% Treasury Stock 2001 ‘A’ 
10% Treasury Stock 2001 ‘B’ 
– Floating Rate Treasury Stock 2001 
12% Exchequer Stock 1999 to 2002 
12% Exchequer Stock 1999 to 2002 ‘A’ 
9½% Conversion Stock 2002 
10% Conversion Stock 2002 
9% Exchequer Stock 2002 
7% Treasury Stock 2002 
9¾% Treasury Stock 2002 
9¾% Treasury Stock 2002 ‘A’ 
9¾% Treasury Stock 2002 ‘B’ 
9¾% Treasury Stock 2002 ‘C’ 
13¾% Treasury Stock 2000 to 2003 
13¾% Treasury Stock 2000 to 2003 ‘A’ 
2½% Index-Linked Treasury Stock 2003 
9¾% Conversion Loan 2003 
6½% Treasury Stock 2003 
8% Treasury Stock 2003 
8% Treasury Stock 2003 ‘A’ 
10% Treasury Stock 2003 
10% Treasury Stock 2003 ‘A’ 
10% Treasury Stock 2003 ‘B’ 
3½% Funding Stock 1999 to 2004 
11½% Treasury Stock 2001 to 2004 
9½% Conversion Stock 2004 
10% Treasury Stock 2004 
6¾% Treasury Stock 2004 
5% Treasury Stock 2004 
6¾% Treasury Stock 2004 ‘A’ 
4⅜% Index-Linked Treasury Stock 2004 
9½% Conversion Stock 2004 ‘A’ 
12½% Treasury Stock 2003 to 2005 
12½% Treasury Stock 2003 to 2005 ‘A’ 
10½% Exchequer Stock 2005 
9½% Conversion Stock 2005 
9½% Conversion Stock 2005 ‘A’ 
8½% Treasury Stock 2005 
8% Treasury Loan 2002 to 2006 
8% Treasury Loan 2002 to 2006 ‘A’ 
2% Index-Linked Treasury Stock 2006 
9¾% Conversion Stock 2006 
7½% Treasury Stock 2006 
7¾% Treasury Stock 2006 
11¾% Treasury Stock 2003 to 2007 
11¾% Treasury Stock 2003 to 2007 ‘A’ 
7¼% Treasury Stock 2007 
4½% Treasury Stock 2007 
8½% Treasury Loan 2007 
8½% Treasury Loan 2007 ‘A’ 
8½% Treasury Loan 2007 ‘B’ 
8½% Treasury Loan 2007 ‘C’ 
13½% Treasury Stock 2004 to 2008 
9% Treasury Loan 2008 
9% Treasury Loan 2008 ‘A’ 
9% Treasury Loan 2008 ‘B’ 
9% Treasury Loan 2008 ‘C’ 
9% Treasury Loan 2008 ‘D’ 
5% Treasury Stock 2008 
2½% Index-Linked Treasury Stock 2009 
5¾% Treasury Stock 2009 
8% Treasury Stock 2009 
4% Treasury Stock 2009 
8% Treasury Stock 2009 ‘A’ 
4¾% Treasury Stock 2010 
6¼% Treasury Stock 2010 
2½% Index-Linked Treasury Stock 2011 
4¼% Treasury Gilt 2011 
9% Conversion Loan 2011 
9% Conversion Loan 2011 ‘A’ 
9% Conversion Loan 2011 ‘B’ 
9% Conversion Loan 2011 ‘C’ 
9% Conversion Loan 2011 ‘D’ 
3¼% Treasury Gilt 2011 
5½% Treasury Stock 2008 to 2012 
9% Treasury Stock 2012 
9% Treasury Stock 2012 ‘A’ 
5% Treasury Stock 2012 
5¼% Treasury Gilt 2012 
2½% Index-Linked Treasury Stock 2013 
8% Treasury Stock 2013 
4½% Treasury Gilt 2013 
2¼% Treasury Gilt 2014 
5% Treasury Stock 2014 
7¾% Treasury Loan 2012 to 2015 
2¾% Treasury Gilt 2015 
4¾% Treasury Stock 2015 
8% Treasury Stock 2015 
8% Treasury Stock 2015 ‘A’ 
2½% Treasury Stock 1986 to 2016 
2½% Index-Linked Treasury Stock 2016 
2% Treasury Gilt 2016 
4% Treasury Gilt 2016 
2½% Index-Linked Treasury Stock 2016 ‘A’ 
12% Exchequer Stock 2013 to 2017 
1% Treasury Gilt 2017 
1¼% Index-Linked Treasury Gilt 2017 
1¾% Treasury Gilt 2017 
8¾% Treasury Stock 2017 
8¾% Treasury Stock 2017 ‘A’ 
1¼% Treasury Gilt 2018 
5% Treasury Gilt 2018 
0⅛% Index-linked Treasury Gilt 2019 
3¾% Treasury Gilt 2019 
4½% Treasury Gilt 2019 
2% Treasury Gilt 2020 
2½% Index-Linked Treasury Stock 2020 
3¾% Treasury Gilt 2020 
4¾% Treasury Stock 2020 
1½% Treasury Gilt 2021 
3¾% Treasury Gilt 2021 
8% Treasury Stock 2021 
1¾% Treasury Gilt 2022 
0½% Treasury Gilt 2022 
1⅞% Index-Linked Treasury Gilt 2022 
4% Treasury Gilt 2022 
0⅛% Treasury Gilt 2023 
0¾% Treasury Gilt 2023 
2¼% Treasury Gilt 2023 
0⅛% Treasury Gilt 2024 
1% Treasury Gilt 2024 
2¾%Treasury Gilt 2024 
0⅛% Index-Linked Treasury Gilt 2024 
2½% Index-Linked Treasury Stock 2024 
0⅝% Treasury Gilt 2025 
2% Treasury Gilt 2025 
0¼% Treasury Gilt 2025 
5% Treasury Stock 2025 
0⅛% Index-Linked Treasury Gilt 2026 
0⅛% Treasury Gilt 2026 
0⅜% Treasury Gilt 2026 
1½% Treasury Gilt 2026 
1¼% Treasury Gilt 2027 
1¼% Index-Linked Treasury Gilt 2027 
4¼% Treasury Gilt 2027 
6% Treasury Stock 2028 
0⅛% Treasury Gilt 2028 
1⅝% Treasury Gilt 2028 
0⅛% Index-Linked Treasury Gilt 2028 
0⅛% Index-Linked Treasury Gilt 2029 
0⅞% Treasury Gilt 2029 
0½% Treasury Gilt 2029 
0⅜% Treasury Gilt 2030 
4⅛% Index-Linked Treasury Stock 2030 
4¾% Treasury Gilt 2030 
0⅛% Index-linked Treasury Gilt 2031 
0¼% Treasury Gilt 2031 
1% Treasury Gilt 2032 
1¼% Index-Linked Treasury Gilt 2032 
4¼% Treasury Stock 2032 
0⅞% Green Gilt 2033 
0¾% Treasury Gilt 2034 
4½% Treasury Gilt 2034 
0⅝% Treasury Gilt 2035 
2% Index-linked Treasury Stock 2035 
4¼% Treasury Stock 2036 
0⅛% Index-linked Treasury Gilt 2036 
1¾% Treasury Gilt 2037 
1⅛% Index-Linked Treasury Gilt 2037 
4¾% Treasury Stock 2038 
4¼% Treasury Gilt 2039 
1⅛% Treasury Gilt 2039 
0⅛% Index-linked Treasury Gilt 2039 
0⅝% Index-Linked Treasury Gilt 2040 
4¼% Treasury Gilt 2040 
0⅛% Index-Linked Treasury Gilt 2041 
1¼% Treasury Gilt 2041 
0⅝% Index-Linked Treasury Gilt 2042 
4½% Treasury Gilt 2042 
0⅛% Index-Linked Treasury Gilt 2044 
3¼% Treasury Gilt 2044 
3½% Treasury Gilt 2045 
0⅛% Index-Linked Treasury Gilt 2046 
0⅞% Treasury Gilt 2046 
4¼% Treasury Gilt 2046 
1½% Treasury Gilt 2047 
0¾% Index-Linked Treasury Gilt 2047 
0⅛% Index-Linked Treasury Gilt 2048 
4¼% Treasury Gilt 2049 
1¾% Treasury Gilt 2049 
0½% Index-Linked Treasury Gilt 2050 
0½% Index-Linked Treasury Gilt 2050 
0⅝% Treasury Gilt 2050 
1¼% Treasury Gilt 2051 
0⅛% Index-linked Treasury Gilt 2051 
0¼% Index-Linked Treasury Gilt 2052 
3¾% Treasury Gilt 2052 
1½% Green Gilt 2053 
1⅝% Treasury Gilt 2054 
1¼% Index-Linked Treasury Gilt 2055 
4¼% Treasury Gilt 2055 
0⅛% Index-Linked Treasury Gilt 2056 
1¾% Treasury Gilt 2057 
0⅛% Index- Linked Treasury Gilt 2058 
4% Treasury Gilt 2060 
0½% Treasury Gilt 2061 
3½% Treasury Gilt 2062 
0⅛% Index-linked Treasury Gilt 2065 
2½% Treasury Gilt 2065 
0⅛% Index-linked Treasury Gilt 2068 
3½% Treasury Gilt 2068 
1⅝% Treasury Gilt 2071 
0⅛% Index-linked Treasury Gilt 2073 
1⅛% Treasury Gilt 2073 
4⅛% Treasury Gilt 2027 
3¾% Treasury Gilt 2038 
3¼% Treasury Gilt 2033 
3½% Treasury Gilt 2025 
3¾% Treasury Gilt 2053 
0⅝% Treasury Gilt 2045 
4% Treasury Gilt 2063 

Securities issued by certain public corporations and guaranteed by the Treasury

Percentage Title
3% North of Scotland Electricity Stock 1989 to 1992
Published 20 May 2014
Last updated 278 JuneSeptember 2023 + show all updates

  1. The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with one new entry.

  2. The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 7 new entries.

  3. The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 10 new entries.

  4. The stocks and bonds charged on the National Loans Fund list has been updated.

  5. The stocks and bonds charged on the National Loans Fund list has been updated.

  6. The stocks and bonds charged on the National Loans Fund list has been updated.

  7. The stocks and bonds charged on the National Loans Fund list has been updated.

  8. Rates, allowances and duties have been updated for the tax year 2016 to 2017.

  9. First published.

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