Statutory Instrument 1987 No. 259

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

(The document as of February, 2008)

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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

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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

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

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ISBN 0 11 076259 2

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Notes:

[1] 1979 c. 14.

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