Corporate bonds & CGT

Question

Are gains on corporate bonds taxable (CGT)?

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Ray Silvester 2016-03-29T13:58:20+01:00 1 Answer 5293 views
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Answer ( 1 )

  1. Ray Silvester
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    2016-03-29T14:03:05+01:00

    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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