B · Glossary
Bonds
Debt securities — interest is taxable as savings income, gains may be subject to CGT.
Bonds are debt securities issued by governments or companies. Interest from most bonds is taxable as savings income (using your Personal Savings Allowance: £1,000 basic-rate, £500 higher-rate).
Government gilts are exempt from Capital Gains Tax on disposal but interest is still taxable. Corporate bond gains may be CGT-able depending on the bond's structure.
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