My client is considering purchasing gilts through their company. I understand gilts are exempt from capital gains tax for individuals but how are they taxed when owned by a company?

Gilt-edged securities (gilts) are defined as stocks or bonds issued by the UK government, as set out in section 476 Corporation Tax Act 2009 (CTA 2009) which in turn relies on the definition from Schedule 9, Part 1 Taxation of Chargeable Gains Act 1992 (TCGA 1992).