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Posted Mon, 16 Dec 2024 23:43:11 GMT by shirleyleemanyee30 L
If I sold my US Treasury Bills before maturity, should I report my gains on CGT?
Posted Mon, 23 Dec 2024 17:32:53 GMT by HMRC Admin 10 Response
Hi
US government bonds, sometimes known as T-bills or treasury bills are generally taxed as income rather than capital gains.  The return is paid at maturity rather than regular interest payments.In the UK, these are known as deeply discounted securities, with the discount being the difference between the price at which they were issued and the price received at maturity. On a foreign investment the income is the difference between the purchase and redemption price after each has been converted to sterling on the day the transactions took place, so includes any foreign exchange gains.Losses cannot be deducted. 

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