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[^f00001], 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”

Signed

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

Footnotes

[^f00001]: 1979 c. 14.