Isobel Williamson-Jones

Good morning Thanks for your reply. This is a general question - is a Fund that owns UK gilts exempt from CGT or not? Thank you

Hello, yes as I said in my original question, I do already know that gilts held directly by an individual are exempt from CGT. My question was whether, if you hold units in a Fund which invests in UK gilts, is that exempt from CGT? The Fund's investments change from time to time and may include foreign government bonds and it may also invest in other transferable securities, units in collective investment schemes (including exchange traded funds and schemes managed and operated by the ACD or its associates), money market instruments, warrants, cash, near cash and deposits, Is a gain made on sale of units held in this type of fund chargeable to CGT? Thank you

I know there is no capital gains tax on UK gilts held directly by an individual. But is there any CGT (or can you use a loss) on the sale of a holding in a Fund which owns only UK Gilts?