Statutory Instruments

1987 No. 259

TAXES

The Capital Gains Tax (Gilt-edged Securities) Order 1987

Made

25th February 1987

The Treasury, in exercise of the powers conferred on them by paragraph 1 of Schedule 2 to the Capital Gains Tax Act 1979(1), hereby make the following Order:

1. This Order may be cited as the Capital Gains Tax (Gilt-edged Securities) Order 1987.

2. The following securities are hereby specified for the purposes of Schedule 2 to the Capital Gains Tax Act 1979—

2½% Exchequer Stock 1990
11% Exchequer Loan 1990
3% Treasury Stock 1991
10% Treasury Convertible Stock 1991
10% Treasury Loan 1993
10% Conversion Stock 1996
9½% Conversion Loan 2001
10% Treasury Stock 2003
9½% Conversion Stock 2005
9¾% Conversion Stock 2006
8½% Treasury Loan 2007
8% Treasury Stock 2009
9% Conversion Loan 2011
2½% Index-linked Treasury Stock 2016“A”

Mark Lennox-Boyd

Tony Durant

Two of the Lords Commissioners of Her Majesty’s Treasury

25th February 1987

Explanatory Note

(This note is not part of the Order)

This Order specifies gilt-edged securities which are exempt from tax on capital gains if held for more than twelve months or if disposed of on or after 2nd July 1986 (section 67 of the Capital Gains Tax Act 1979 as amended by section 67(1) of the Finance Act 1985 (c. 54)).

The following other specified gilt-edged securities enjoy like exemption and are listed in Part II of Schedule 2 to the Capital Gains Tax Act 1979 and in S.I. 1979/1231, 1676, 1980/507, 922, 1910, 1981/615, 1879, 1982/413, 1774, 1983/1774, 1984/1966, 1986/12.

Stocks and bonds charged on the National Loans Fund

11½% Treasury Stock 1979
3% Treasury Stock 1979
10½% Treasury Stock 1979
9% Treasury Convertible Stock 1980
4% British Overseas Airways Stock 1974—80
9½% Treasury Stock 1980
3½% Treasury Stock 1977—80
5¼% Funding Stock 1978—80
13% Exchequer Stock 1980
11½% Treasury Stock 1981
3½% Treasury Stock 1979—81
9¾% Treasury Stock 1981
8¼% Exchequer Stock 1981
9½% Exchequer Stock 1981
3% Exchequer Stock 1981

Variable Rate Treasury Stock 1981

12¾% Exchequer Stock 1981
8½% Treasury Loan 1980—82
3% Treasury Stock 1982
14% Treasury Stock 1982
2½% British Overseas Airways Stock 1977—82

Variable Rate Treasury Stock 1982

8¼% Treasury Stock 1982
9¼% Exchequer Stock 1982
8¾% Exchequer Stock 1983
3% British Overseas Airways Stock 1980—83
3% Exchequer Stock 1983
12% Treasury Loan 1983
12% Treasury Loan 1983“A”
9¼% Treasury Stock 1983
10% Exchequer Stock 1983

Variable Rate Treasury Stock 1983

13½% Exchequer Stock 1983
3% Exchequer Stock 1983“A”
5½% Funding Stock 1982—84
12% Treasury Stock 1984
3% Exchequer Stock 1984
11¼% Exchequer Stock 1984
14% Exchequer Stock 1984
12¼% Exchequer Stock 1985
15% Treasury Stock 1985
3% Treasury Stock 1985
3% Treasury Stock 1985“A”
12½% Exchequer Stock 1985“A”
12% Exchequer Convertible Stock 1985
11½% Treasury Stock 1985
8¾% Treasury Convertible Stock 1985
8½% Treasury Stock 1984—86
2½% Exchequer Stock 1986
11¾% Exchequer Stock 1986
14% Exchequer Stock 1986
10½% Exchequer Convertible Stock 1986
3% Treasury Stock 1986
12% Treasury Stock 1986
12¼% Treasury Convertible Stock 1986
10% Treasury Convertible Stock 1986
6½% Funding Loan 1985—87
13¼% Exchequer Stock 1987
13¼% Exchequer Stock 1987“A”
2½% Exchequer Stock 1987
10½% Exchequer Stock 1987
10½% Exchequer Stock 1987“A”
12% Treasury Stock 1987
3% Treasury Stock 1987
12% Treasury Stock 1987“A”
10¼% Treasury Convertible Stock 1987
10% Treasury Stock 1987
7¾% Treasury Loan 1985—88
3% British Transport Stock 1978—88 (issued under section 89 of the Transport Act 1947 (c. 49))

3% British Transport Stock 1978—88 (issued under section 12 of the National Loans Act 1968 (c. 13))

2% Index-linked Treasury Stock 1988
10½% Exchequer Stock 1988
9½% Treasury Stock 1988
9½% Treasury Stock 1988“A”
9¾% Treasury Convertible Stock 1988
5% Treasury Stock 1986—89
11½% Treasury Stock 1989
11½% Treasury Stock 1989“A”
3% Treasury Stock 1989
10½% Treasury Stock 1989
9½% Treasury Convertible Stock 1989
10% Exchequer Stock 1989
10% Exchequer Stock 1989“A”
11% Exchequer Stock 1989
10¼% Exchequer Convertible Stock 1989
8¼% Treasury Loan 1987—90
2% Index-linked Treasury Stock 1990
13% Treasury Stock 1990
3% Treasury Stock 1990
10% Treasury Convertible Stock 1990
11% Exchequer Stock 1990
12½% Exchequer Stock 1990
11¾% Treasury Stock 1991
11¾% Treasury Stock 1991“A”
11% Exchequer Stock 1991
5¾% Funding Loan 1987—91
12¾% Treasury Loan 1992
10% Treasury Stock 1992
10½% Treasury Convertible Stock 1992
12¼% Exchequer Stock 1992
13½% Exchequer Stock 1992
12½% Treasury Loan 1993
6% Funding Loan 1993
13¾% Treasury Loan 1993
14½% Treasury Loan 1994
12½% Exchequer Stock 1994
9% Treasury Loan 1994
13½% Exchequer Stock 1994
3% Exchequer Gas Stock 1990—1995 (formerly 3% British Gas Stock 1990—95)
12% Treasury Stock 1995
10¼% Exchequer Stock 1995
12¾% Treasury Loan 1995
9% Treasury Loan 1992—96
15¼% Treasury Loan 1996
13¼% Exchequer Loan 1996
14% Treasury Stock 1996
2% Index-linked Treasury Stock 1996
13¼% Treasury Loan 1997
10½% Exchequer Stock 1997
8¾% Treasury Loan 1997
15% Exchequer Stock 1997
6¾% Treasury Loan 1995—98
15½% Treasury Loan 1998
12% Exchequer Stock 1998
12% Exchequer Stock 1998“A”
9¾% Exchequer Stock 1998
9½% Treasury Loan 1999
10½% Treasury Stock 1999
2½% Index-linked Treasury Convertible Stock 1999
10¼% Conversion Stock 1999
12¼% Exchequer Stock 1999
12¼% Exchequer Stock 1999“A”
12¼% Exchequer Stock 1999“B”
9% Conversion Stock 2000
13% Treasury Stock 2000
14% Treasury Stock 1998—2001
2½% Index-linked Treasury Stock 2001
10% Treasury Stock 2001
9¾% Conversion Stock 2001
12% Exchequer Stock 1999—2002
12% Exchequer Stock 1999—2002“A”
9¾% Treasury Stock 2002
9½% Conversion Stock 2002
10% Conversion Stock 2002
13¾% Treasury Stock 2000—2003
13¾% Treasury Stock 2000—2003“A”
2½% Index-linked Treasury Stock 2003
3½% Funding Stock 1999—2004
11½% Treasury Stock 2001—2004
10% Treasury Stock 2004
9½% Conversion Stock 2004
12½% Treasury Stock 2003—2005
12½% Treasury Stock 2003—2005“A”
10½% Exchequer Stock 2005
8% Treasury Loan 2002—2006
2% Index-linked Treasury Stock 2006
11¾% Treasury Stock 2003—2007
11¾% Treasury Stock 2003—2007“A”
13½% Treasury Stock 2004—2008
2½% Index-linked Treasury Stock 2009
2½% Index-linked Treasury Stock 2011
5½% Treasury Stock 2008—2012
2½% Index-linked Treasury Stock 2013
7¾% Treasury Loan 2012—2015
2½% Treasury Stock 1986—2016
2½% Index-linked Treasury Stock 2016
12% Exchequer Stock 2013—2017
2½% Index-linked Treasury Stock 2020
2½% Annuities 1905 or after
2¾% Annuities 1905 or after
2½% Consolidated Stock 1923 or after
4% Consolidated Loan 1957 or after
3½% Conversion Loan 1961 or after
2½% Treasury Stock 1975 or after
3% Treasury Stock 1966 or after
3½% War Loan 1952 or after

Securities issued by the Treasury under Part II of the Tithe Act 1936 (c. 43)

3% Redemption Stock 1986—96

Securities issued by certain public corporations and guaranteed by the Treasury

4¼% North of Scotland Electricity Stock 1974—79
4¼% British Electricity Stock 1974—79
3½% British Electricity Stock 1976—79
3½% North of Scotland Electricity Stock 1977—80
3% British European Airways Stock 1980—83
3% North of Scotland Electricity Stock 1989—92

(1)

1979 c. 14.