Individual Gilts

nonolerigolo

I have the following questions about individual gilts: 

1. Are individual gilts always exempt from CGT currently? 
2. As example, Are individual gilts exempt from CGT even if not held to maturity? 
3. If the gilts price rose above £100, would the part above £100 subject to CGT
4. Thank you very much 

Hoenir

Capital gains made on Gilts are exempt from CGT.

Worth noting that lossess made on trading Gilts aren't offsetable against tax either. 

aroominyork

nonolerigolo said:

I have the following questions about individual gilts: 

1. Are individual gilts always exempt from CGT currently? 
2. As example, Are individual gilts exempt from CGT even if not held to maturity? 
3. If the gilts price rose above £100, would the part above £100 subject to CGT
4. Thank you very much 

1. Only any capital gain. The coupons are taxable as income.
2. No difference if held to maturity or sold earlier. Income is taxable, capital gain is not. 
3. No, because capital gain is not taxable. 
4. You're welcome.

poseidon1

nonolerigolo said:

I have the following questions about individual gilts: 

1. Are individual gilts always exempt from CGT currently? 
2. As example, Are individual gilts exempt from CGT even if not held to maturity? 
3. If the gilts price rose above £100, would the part above £100 subject to CGT
4. Thank you very much 

T Bills  which are gilts issued at a discount to face value with zero coupons and typically for short durations ( 1 month to a year) , although cgt free  they are on maturity liable to income tax on the gain (they are caught by the deeply discounted securities income  tax regime).

However they can only be acquired at 1st issue and cannot be sold mid term.