What is a qualifying corporate bond?
Qualifying corporate bonds are debt securities (loan notes) that are exempt for capital gains tax purposes.
This means that if they are sold they will not give rise to any capital gains, and no capital loss will be allowable.
Conditions to qualify as a QCB
It is in sterling and has no rights of conversion into, or redemption in, a currency other than sterling.
It has no rights of conversion into shares, it must remain a debt security.
It must be issued/acquired after 13/03/1984