Guidance
Gilt-edged securities exempt from Capital Gains Tax
Check a list of gilt-edged stocks and bonds charged on the National Loans Fund.
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 |
| 3¾% | 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 |
| 4½% | Treasury Gilt 2028 |
| 4⅜% | Treasury Gilt 2028 |
| 0⅛% | Index-Linked Treasury Gilt 2028 |
| 0⅛% | Index-Linked Treasury Gilt 2029 |
| 0⅞% | Treasury Gilt 2029 |
| 0½% | Treasury Gilt 2029 |
| 4⅛% | Treasury Gilt 2029 |
| 0⅜% | Treasury Gilt 2030 |
| 4⅛% | Index-Linked Treasury Stock 2030 |
| 4⅜% | Treasury Gilt 2030 |
| 4¾% | Treasury Gilt 2030 |
| 0⅛% | Index-linked Treasury Gilt 2031 |
| 0¼% | Treasury Gilt 2031 |
| 4% | Treasury Gilt 2031 |
| 1% | Treasury Gilt 2032 |
| 1¼% | Index-Linked Treasury Gilt 2032 |
| 4¼% | Treasury Stock 2032 |
| 0⅞% | Green Gilt 2033 |
| 0¾% | Index-Linked Treasury Gilt 2033 |
| 0¾% | Treasury Gilt 2034 |
| 4¼% | Treasury Gilt 2034 |
| 4⅝% | Treasury Gilt 2034 |
| 4½% | Treasury Gilt 2034 |
| 0⅝% | Treasury Gilt 2035 |
| 1⅛% | Index-linked 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 |
| 4⅜% | Treasury Gilt 2040 |
| 0⅛% | Index-Linked Treasury Gilt 2041 |
| 1¼% | Treasury Gilt 2041 |
| 0⅝% | Index-Linked Treasury Gilt 2042 |
| 4½% | Treasury Gilt 2042 |
| 4¾% | Treasury Gilt 2043 |
| 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 |
| 4⅜% | Treasury Gilt 2054 |
| 1¼% | Index-linked 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 |
Updates to this page
Published 20 May 2014
Last updated 20 May 2025
show all updates
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The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 14 new entries.
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The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with one new entry.
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The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 7 new entries.
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The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 10 new entries.
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The stocks and bonds charged on the National Loans Fund list has been updated.
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The stocks and bonds charged on the National Loans Fund list has been updated.
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The stocks and bonds charged on the National Loans Fund list has been updated.
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The stocks and bonds charged on the National Loans Fund list has been updated.
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Rates, allowances and duties have been updated for the tax year 2016 to 2017.
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First published.