HMRC manual changes: 14 July 2023

Direct taxes

Manual	Page	Comments
Business Income Manual	Addition: BIM44410—BIM44413	New guidance added on the availability of tax deductions for share based payment (SBP) expenses in the context of cash cancelled and net settled share options including illustrative examples.
Capital Allowances Manual	Update: CA11530	Update to the guidance on capital expenditure in the context of assets subsequently appropriated to fixed assets to confirm that where the original expenditure is incurred in an earlier chargeable period to that in which the asset is appropriated the expenditure will not qualify for the annual investment allowance (AIA) or first year allowances (FYAs).
Capital Gains Manual	Updated: CG52631	Guidance on advance clearances for the share exchange anti avoidance rules (ie...

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Direct taxes

Manual	Page	Comments
Business Income Manual	Addition: BIM44410—BIM44413	New guidance added on the availability of tax deductions for share based payment (SBP) expenses in the context of cash cancelled and net settled share options including illustrative examples.
Capital Allowances Manual	Update: CA11530	Update to the guidance on capital expenditure in the context of assets subsequently appropriated to fixed assets to confirm that where the original expenditure is incurred in an earlier chargeable period to that in which the asset is appropriated the expenditure will not qualify for the annual investment allowance (AIA) or first year allowances (FYAs).
Capital Gains Manual	Updated: CG52631	Guidance on advance clearances for the share exchange anti avoidance rules (ie...