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Posted Thu, 08 Jun 2023 09:36:59 GMT by
For the gain from buying and selling Gilt in the secondary market, will it be taxed? Also, is there any differences for CGT of gains from buying and selling Gilt in secondary market (i) via the DMO's Purchase and Sale service (ii) via a US based broker platform?
Posted Mon, 12 Jun 2023 15:31:09 GMT by HMRC Admin 19
Hi,

You can see guidance here:

CG54900 - Securities: Gilt-edged securities

Thank you.
Posted Tue, 06 Feb 2024 09:59:57 GMT by
1. Since gilts is not subject to capital gain tax, can I deduct the broker fees/commissions for buying /selling from the gilts interest ? 2. When I wire transfer the money to a broker account to buy gilts, there is a fee for the wire transfer. Is it deductible from the gilts interest?
Posted Wed, 07 Feb 2024 16:39:20 GMT by HMRC Admin 20
Hi  Rwrw,
In awnser to your question.
1. No.  
2. No.
Thank you.
Posted Thu, 04 Apr 2024 16:52:02 GMT by edmund
Dear Sir, Is the gilt DDS? Thank you!
Posted Mon, 15 Apr 2024 13:09:18 GMT by HMRC Admin 32
Hi,

Gilt strips held by individuals and other non-corporates are treated as deeply discounted securities, and profits or losses are taken into the income regime, see SAIM3130.

SAIM3130 - Deeply discounted securities: strips of government securities

Thank you.

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