Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Debts: qualifying corporate bonds


Although qualifying corporate bonds are debts on a security, any gain which accrues on their disposal will not be chargeable and any loss will not be allowable. But the disposal may release a gain which was previously ‘held-over’ or ‘frozen’ or deferred if, for instance, the bonds were issued on a share reorganisation or company reconstruction. For further guidance see CG53700+.