Change of https://www.gov.uk/guidance/gilt-edged-securities-exempt-from-capital-gains-tax

Change description : 2025-05-20 10:48:00: The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 14 new entries. [Guidance and regulation]

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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
208 MaySeptember 20252023 — 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
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%1⅝% 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%4½% 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%1⅝% 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 208 MaySeptember 2025 + show hide all updates" href="#full-history">+ show all updates

    2. The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 14 new entries.

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Contents

Update history

2026-07-30 11:34
The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 11 new entries.

2025-05-20 10:48
The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 14 new entries.

2023-09-08 13:51
The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with one new entry.

2023-06-27 14:10
The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 7 new entries.

2022-07-13 08:54
The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 10 new entries.