Government Bonds - Gilts

Tax_Slave

I understand that investments and possible gains on government bonds-gilts are CGT free.

Does this apply to;
1 - Buy a dated 2035 bond at say 80 per unit in 2005 - matures expiry in 2035 paying 100 per unit - profit 20 per unit CGT free.

2 - Buy a dated 2035 bond at say 80 per unit in 2005 - sell at 110 per unit in 2015 - profit 30 per unit CGT free.

Is above correct and in both cases profit is CGT free?

Thanks for any answers.

Cus

My understanding is that both of the scenarios above are correct.  Of course the coupon payments received during ownership are not CGT free and treated/taxed as income unless held in an ISA or Sipp