Glossary · Investing
Gilt
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Definition: A bond issued by the UK government. Coupon income is taxable as savings interest; capital gains on gilts are exempt from Capital Gains Tax.
Issued by the Debt Management Office; you can buy direct via the DMO's purchase-and-sale service or through any broker. Low-coupon gilts trading below par are particularly tax-efficient for higher-rate taxpayers.
Primary source: dmo.gov.uk