Question：On 12 April 2012 James sells his holding of £10,000 4¼% Treasury Gilt 2056 for ?17,500. He had acquired the stock at its nominal value in January 2003.
What is his chargeable gain?
A. £7,500
B. £17,075
C. £5,250
D. £Nil
The correct answer is: £Nil.Treasury stock (or gilts) is exempt from CGT.
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