HMRC manual changes: 3 February 2023

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

Direct taxes

Manual	Page	Comments
Capital Gains Manual	Updated: CG73936	Update to the guidance on substantial indirect interest under TCGA 1992 Sch 1A para 8 in the context of non-resident chargeable gains (NRCG) and exemptions. Guidance on the meaning of a ‘connected’ person has been updated to better reflect the modifications made by TCGA 1992 Sch 1A para 10 to TCGA 1992 s 286 when the term ‘connected’ is used for the purposes of the NRCG. A result of these modifications is that for the NRCG siblings are not automatically connected and neither are business partners.
Company Taxation Manual ...

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This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

Direct taxes

Manual	Page	Comments
Capital Gains Manual	Updated: CG73936	Update to the guidance on substantial indirect interest under TCGA 1992 Sch 1A para 8 in the context of non-resident chargeable gains (NRCG) and exemptions. Guidance on the meaning of a ‘connected’ person has been updated to better reflect the modifications made by TCGA 1992 Sch 1A para 10 to TCGA 1992 s 286 when the term ‘connected’ is used for the purposes of the NRCG. A result of these modifications is that for the NRCG siblings are not automatically connected and neither are business partners.
Company Taxation Manual ...