Hi In the core reading for Taxation of Gilts it says "institutional investors pay corporation tax on interest and capital gains. Relief is available on capital losses". I thought Gilts are qualifying though so CGT is due. Please is someone able to clarify? thank you!
I believe that individual investors are not taxed on gains or losses for gilts. But institutions and corporate investors are generally taxed on total returns. I think this is what the core reading means when it says "relief is available on capital losses".
