Statutory Instrument 1989 No. 944

      The Capital Gains Tax (Gilt-edged Securities) Order 1989


      © Crown Copyright 1989

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STATUTORY INSTRUMENTS

1989 No. 944

TAXES

The Capital Gains Tax (Gilt-edged Securities) Order 1989

Made 6th June 1989

    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 1989.
        2.    The following securities are hereby specified for the purposes of Schedule 2 to the Capital Gains Tax Act 1979-

    12¼% Exchequer Stock 1985"A"

    8 % Treasury Stock 1991

    8¼% Treasury Stock 1993

    8½% Treasury Stock 1994

    8½% Treasury Stock 1994"A"

    2 % Index-linked Treasury Stock 1994

    8¾% Treasury Loan 1997"C"



Stephen Dorrell

David Lightbown

Two of the Lords Commissioners of Her Majesty's Treasury

9th June 1989






EXPLANATORY NOTE

(This note is not part of the Order)
    This Order specifies gilt-edged securities disposals of which are exempt from tax on capital gains in accordance with section 67 of the Capital Gains Tax Act 1979. Section 59 of the Finance Act 1986 (c. 41) substituted in relation to disposals on or after 2nd July 1986 a new section 67 of the Capital Gains Tax Act 1979 for that originally enacted.

    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"
    12 % Exchequer Convertible Stock 1985
    11½% Treasury Stock 1985
    8¾% Treasury Convertible Stock 1985
    8½% Treasury Loan 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
    8 % Treasury Convertible Stock 1990
    10 % Treasury Convertible Stock 1990
    2½% Exchequer Stock 1990
    12½% Exchequer Stock 1990
    11 % Exchequer Loan 1990
    3 % Treasury Stock 1991
    11¾% Treasury Stock 1991
    11¾% Treasury Stock 1991"A"
    10 % Treasury Convertible Stock 1991
    11 % Exchequer Stock 1991
    5¾% Funding Loan 1987-91
    8 % Treasury Loan 1992
    12¾% Treasury Loan 1992
    3 % Treasury Stock 1992
    10 % Treasury Stock 1992
    2 % Index-linked Treasury Stock 1992
    10½% Treasury Convertible Stock 1992
    12¼% Exchequer Stock 1992
    13½% Exchequer Stock 1992
    10 % Treasury Loan 1993
    12½% Treasury Loan 1993
    13¾% Treasury Loan 1993
    6 % Funding Loan 1993
    10 % Treasury Loan 1994
    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 Treasur

    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



ISBN 0 11 096944 8




Notes:

[1] 1979 c. 14. back

 

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Prepared 20th September 2000