Qualifying corporate bonds: gilt-edged securities/gilt strips
FA96/SCH13/PARA14 (1)Gilt-edged securities are not relevant discounted securities.
Gilt strips are rights to individual interest payments on specified future dates which have been separated - or stripped` - from a normal gilt-edged security. Gilt strips held by individuals, and other non-corporates, are relevant discounted securities, See IM1547.
For further advice on gilt-edged securities and gilt strips, see CG54900+. Except where TCGA92/S134 applies, see CG55045+, neither gilt-edged securities, nor gilt strips, are assets which can give rise to chargeable gains or allowable losses for TCGA purposes.