shane cahill

Hi there, Thanks for creating this form. I have a few questions on tax-free capital gains on UK government securities (gilts). 1/ Why has the UK government made capital gains on gilts tax free ? It seems fairly strange to have 2 UK govt bonds with the same yield but different coupons have entirely different tax treatment from HMRC. 2/ Why should wealthy people with access to a brokerage accounts, that can purchase low coupon gilts, enjoy almost entirely tax free returns on their savings (by buying very low coupon gilts), whereas smaller savers that save with a bank, building society or via the governments national savings products, have to pay tax on their return ? This seems particularly punishing for those with more modest savings amounts using traditional savings methods. Thank you very much, S 3/