Foreign property: specialty debts: Treasury Bills, British Savings Bonds, National Savings Income Bonds
Treasury Bills, and British Savings Bonds are treated as specialty debts and situs will follow the normal principles (IHTM27079). Any claim that such assets should be regarded as non UK situs at a chargeable event must be referred to Technical.
National Savings Income Bonds are securities registered on the National Savings Stock Register and are situated in the UK.
Any case in which this view is challenged must be referred to Technical.