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  
1¼% Index-Linked Treasury Gilt 2027  
4¼% Treasury Gilt 2027  
6% Treasury Stock 2028  
0⅛% Treasury Gilt 2028  
1⅝% Treasury Gilt 2028  
0⅛% Index-Linked Treasury Gilt 2028  
0⅛% Index-Linked Treasury Gilt 2029  
0⅞% Treasury Gilt 2029  
0½% Treasury Gilt 2029  
0⅜% Treasury Gilt 2030  
4⅛% Index-Linked Treasury Stock 2030  
4¾% Treasury Gilt 2030  
0⅛% Index-linked Treasury Gilt 2031  
0¼% Treasury Gilt 2031  
1% Treasury Gilt 2032  
1¼% Index-Linked Treasury Gilt 2032  
4¼% Treasury Stock 2032  
0⅞% Green Gilt 2033  
0¾% Treasury Gilt 2034  
4½% Treasury Gilt 2034  
0⅝% 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  
0⅛% Index-Linked Treasury Gilt 2041  
1¼% Treasury Gilt 2041  
0⅝% Index-Linked Treasury Gilt 2042  
4½% Treasury Gilt 2042  
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  
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 8 September 2023 + show all updates
  1. The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with one new entry.

  2. The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 7 new entries.

  3. The list of ‘Stocks and bonds charged on the National Loans Fund’ has been updated with 10 new entries.

  4. The stocks and bonds charged on the National Loans Fund list has been updated.

  5. The stocks and bonds charged on the National Loans Fund list has been updated.

  6. The stocks and bonds charged on the National Loans Fund list has been updated.

  7. The stocks and bonds charged on the National Loans Fund list has been updated.

  8. Rates, allowances and duties have been updated for the tax year 2016 to 2017.

  9. First published.

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