Corporate bonds & CGT

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Are gains on corporate bonds taxable (CGT)?

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    In the main I believe the answer is no.
    That is the corporate bonds must be a QCB (Qualifying Corporate Bond).
    There is however no definitive list by HMRC.
    As far as I can see they must be UK based company debt and not convertible (or anything similar).
    Gilts are not subject to CGT.
    Of course if the bond is a QCB then Capital Losses are not allowed either.
    It is best to get advice from a qualified accountant.

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