buying and selling Gilt in secondary market

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?

Hi,

You can see guidance here:

CG54900 - Securities: Gilt-edged securities

Thank you.

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?

Hi  Rwrw,
In awnser to your question.
1. No.  
2. No.
Thank you.

Dear Sir, Is the gilt DDS? Thank you!

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.