1. This Order may be cited as the Capital Gains Tax (Gilt-edged Securities) Order 1989.

2. The following securities are hereby specified for the purposes of Schedule 2 to the Capital Gains Tax Act 1979-�

• 12¼% Exchequer Stock 1985"A"

• 8 % Treasury Stock 1991

• 8¼% Treasury Stock 1993

• 8½% Treasury Stock 1994

• 8½% Treasury Stock 1994"A"

• 2 % Index-linked Treasury Stock 1994

• 8¾% Treasury Loan 1997"C"

Explanatory Note

(This note is not part of the Order)

This Order specifies gilt-edged securities disposals of which are exempt from tax on capital gains in accordance with section 67 of the Capital Gains Tax Act 1979. Section 59 of the Finance Act 1986 (c. 41) substituted in relation to disposals on or after 2nd July 1986 a new section 67 of the Capital Gains Tax Act 1979 for that originally enacted.

The following other specified gilt-edged securities enjoy exemption in accordance with section 67 of the Capital Gains Tax Act 1979 and are listed in Part II of Schedule 2 to the Capital Gains Tax Act 1979 and in S.I. 1979/1231, 1676, 1980/507, 922, 1910, 1981/615, 1879, 1982/413, 1774, 1983/1774, 1984/1966, 1986/12, 1987/259, 1988/360.

Stocks and bonds charged on the National Loans Fund

11½% Treasury Stock 1979

3 % Treasury Stock 1979

10½% Treasury Stock 1979

9 % Treasury Convertible Stock 1980

4 % British Overseas Airways Stock 1974-�80

9½% Treasury Stock 1980

3½% Treasury Stock 1977-�80

5¼% Funding Stock 1978-�80

13 % Exchequer Stock 1980

11½% Treasury Stock 1981

3½% Treasury Stock 1979-�81

9¾% Treasury Stock 1981

8¼% Exchequer Stock 1981

9½% Exchequer Stock 1981

3 % Exchequer Stock 1981

Variable Rate Treasury Stock 1981

12¾% Exchequer Stock 1981

8½% Treasury Loan 1980-�82

3 % Treasury Stock 1982 14 % Treasury Stock 1982

2½% British Overseas Airways Stock 1977-�82

Variable Rate Treasury Stock 1982

8¼% Treasury Stock 1982

9¼% Exchequer Stock 1982

8¾% Exchequer Stock 1983

3 % British Overseas Airways Stock 1980-�83

3 % Exchequer Stock 1983

12 % Treasury Loan 1983

12 % Treasury Loan 1983"A"

9¼% Treasury Stock 1983

10 % Exchequer Stock 1983

Variable Rate Treasury Stock 1983

13½% Exchequer Stock 1983

3 % Exchequer Stock 1983"A"

5½% Funding Stock 1982-�84

12 % Treasury Stock 1984

3 % Exchequer Stock 1984

11¼% Exchequer Stock 1984

14 % Exchequer Stock 1984

12¼% Exchequer Stock 1985

15 % Treasury Stock 1985

3 % Treasury Stock 1985

3 % Treasury Stock 1985"A"

12 % Exchequer Convertible Stock 1985

11½% Treasury Stock 1985

8¾% Treasury Convertible Stock 1985

8½% Treasury Loan 1984-�86

2½% Exchequer Stock 1986

11¾% Exchequer Stock 1986

14 % Exchequer Stock 1986

10½% Exchequer Convertible Stock 1986

3 % Treasury Stock 1986 12 % Treasury Stock 1986

12¼% Treasury Convertible Stock 1986

10 % Treasury Convertible Stock 1986

6½% Funding Loan 1985-�87

13¼% Exchequer Stock 1987

13¼% Exchequer Stock 1987"A"

2½% Exchequer Stock 1987

10½% Exchequer Stock 1987

10½% Exchequer Stock 1987"A"

12 % Treasury Stock 1987

3 % Treasury Stock 1987

12 % Treasury Stock 1987"A"

10¼% Treasury Convertible Stock 1987

10 % Treasury Stock 1987

7¾% Treasury Loan 1985-�88

3 % British Transport Stock 1978-�88 (issued under section 89 of the Transport Act 1947 (c. 49))

3 % British Transport Stock 1978-�88 (issued under section 12 of the National Loans Act 1968 (c. 13))

2 % Index-linked Treasury Stock 1988

10½% Exchequer Stock 1988

9½% Treasury Stock 1988

9½% Treasury Stock 1988"A"

9¾% Treasury Convertible Stock 1988

5 % Treasury Stock 1986-�89

11½% Treasury Stock 1989

11½% Treasury Stock 1989"A"

3 % Treasury Stock 1989

10½% Treasury Stock 1989

9½% Treasury Convertible Stock 1989

10 % Exchequer Stock 1989

10 % Exchequer Stock 1989"A"

11 % Exchequer Stock 1989

10¼% Exchequer Convertible Stock 1989

8¼% Treasury Loan 1987-�90

2 % Index-linked Treasury Stock 1990

13 % Treasury Stock 1990 3 % Treasury Stock 1990

8 % Treasury Convertible Stock 1990

10 % Treasury Convertible Stock 1990

2½% Exchequer Stock 1990

12½% Exchequer Stock 1990

11 % Exchequer Loan 1990

3 % Treasury Stock 1991

11¾% Treasury Stock 1991

11¾% Treasury Stock 1991"A"

10 % Treasury Convertible Stock 1991

11 % Exchequer Stock 1991

5¾% Funding Loan 1987-�91

8 % Treasury Loan 1992

12¾% Treasury Loan 1992

3 % Treasury Stock 1992

10 % Treasury Stock 1992

2 % Index-linked Treasury Stock 1992

10½% Treasury Convertible Stock 1992

12¼% Exchequer Stock 1992

13½% Exchequer Stock 1992

10 % Treasury Loan 1993

12½% Treasury Loan 1993

13¾% Treasury Loan 1993

6 % Funding Loan 1993

10 % Treasury Loan 1994

14½% Treasury Loan 1994

12½% Exchequer Stock 1994

9 % Treasury Loan 1994

13½% Exchequer Stock 1994

3 % Exchequer Gas Stock 1990-�1995 (formerly 3% British Gas Stock 1990-�95)

12 % Treasury Stock 1995

10¼% Exchequer Stock 1995

12¾% Treasury Loan 1995

9 % Treasury Loan 1992-�96

15¼% Treasury Loan 1996

13¼% Exchequer Loan 1996

14 % Treasury Stock 1996

2 % Index-linked Treasury Stock 1996

10 % Conversion Stock 1996

13¼% Treasury Loan 1997

10½% Exchequer Stock 1997

8¾% Treasury Loan 1997

8¾% Treasury Loan 1997"B"

15 % Exchequer Stock 1997

6¾% Treasury Loan 1995-�98

15½% Treasury Loan 1998

12 % Exchequer Stock 1998

12 % Exchequer Stock 1998"A"

9¾% Exchequer Stock 1998

9¾% Exchequer Stock 1998"A"

9½% Treasury Loan 1999

10½% Treasury Stock 1999

2½% Index-linked Treasury Convertible Stock 1999

10¼% Conversion Stock 1999

12¼% Exchequer Stock 1999

12¼% Exchequer Stock 1999"A"

12¼% Exchequer Stock 1999"B"

9 % Conversion Stock 2000

9 % Conversion Stock 2000"A"

8½% Treasury Loan 2000

13 % Treasury Stock 2000

14 % Treasury Stock 1998-�2001

2½% Index-linked Treasury Stock 2001

10 % Treasury Stock 2001

9¾% Conversion Stock 2001

9½% Conversion Loan 2001

12 % Exchequer Stock 1999-�2002

12 % Exchequer Stock 1999-�2002"A"

9¾% Treasury Stock 2002

9½% Conversion Stock 2002

10 % Conversion Stock 2002

9 % Exchequer Stock 2002

13¾% Treasury Stock 2000-�2003

13¾% Treasury Stock 2000-�2003"A"

10 % Treasury Stock 2003

2½% Index-linked Treasury Stock 2003

9¾% Conversion Loan 2003

3½% Funding Stock 1999-�2004

11½% Treasury Stock 2001-�2004

10 % Treasury Stock 2004

9½% Conversion Stock 2004

12½% Treasury Stock 2003-�2005

12½% Treasury Stock 2003-�2005"A"

10½% Exchequer Stock 2005

9½% Conversion Stock 2005

9½% Conversion Stock 2005"A"

8 % Treasury Loan 2002-�2006

8 % Treasury Loan 2002-�2006"A"

2 % Index-linked Treasury Stock 2006

9¾% Conversion Stock 2006

11¾% Treasury Stock 2003-�2007

11¾% Treasury Stock 2003-�2007"A"

8½% Treasury Loan 2007

13½% Treasury Stock 2004-�2008

9 % Treasury Loan 2008

9 % Treasury Loan 2008"A"

8 % Treasury Stock 2009

2½% Index-linked Treasury Stock 2009

2½% Index-linked Treasury Stock 2011

9 % Conversion Loan 2011

5½% Treasury Stock 2008-�2012

2½% Index-linked Treasury Stock 2013

7¾% Treasury Loan 2012-�2015

2½% Treasury Stock 1986-�2016

2½% Index-linked Treasury Stock 2016

2½% Index-linked Treasury Stock 2016"A"

12 % Exchequer Stock 2013-�2017

2½% Index-linked Treasury Stock 2020

2½% Index-linked Treasury Stock 2024

2½% Annuities 1905 or after

2¾% Annuities 1905 or after

2½% Consolidated Stock 1923 or after

4 % Consolidated Loan 1957 or after

3½% Conversion Loan 1961 or after

2½% Treasury Stock 1975 or after

3 % Treasury Stock 1966 or after

3½% War Loan 1952 or after

Securities issued by the Treasury under Part II of the Tithe Act 1936 (c. 43)

3 % Redemption Stock 1986-�96

Securities issued by certain public corporations and guaranteed by the Treasury

4¼% North of Scotland Electricity Stock 1974-�79

4¼% British Electricity Stock 1974-�79

3½% British Electricity Stock 1976-�79

3½% North of Scotland Electricity Stock 1977-�80

3 % British European Airways Stock 1980-�83

3 % North of Scotland Electricity Stock 1989-�92