HMRC manual changes: 4 October 2024

Direct taxes

Manual	Page	Comments
Business Income Manual	Updated: BIM60515 BIM60580 and BIM60630	Content on when disposals of property deriving value from land should be treated as trading profits updated to: • note that chargeability should be notified within 3 months from date of disposal of property • note the different points in time when non-UK residents and UK resident come within the charge • include points of contact for the purposes of providing comments or suggestions regarding the guidance • delete a previously included statement that the requirement to register for UK corporation tax arises at the point that a trading intention is formed.
Capital Allowances Manual	Updated: CA94100-CA94200	Pages on the structures...

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Direct taxes

Manual	Page	Comments
Business Income Manual	Updated: BIM60515 BIM60580 and BIM60630	Content on when disposals of property deriving value from land should be treated as trading profits updated to: • note that chargeability should be notified within 3 months from date of disposal of property • note the different points in time when non-UK residents and UK resident come within the charge • include points of contact for the purposes of providing comments or suggestions regarding the guidance • delete a previously included statement that the requirement to register for UK corporation tax arises at the point that a trading intention is formed.
Capital Allowances Manual	Updated: CA94100-CA94200	Pages on the structures...