HMRC manual changes: 3 February 2023

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	Updated: CTM41100	Guidance on scientific research associations (SRAs) has been updated to provide a new postal...

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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	Updated: CTM41100	Guidance on scientific research associations (SRAs) has been updated to provide a new postal...