HMRC has updated its Capital Allowances Manual amending the following in the section on plant and machinery allowances:
CA20006 which provides an introduction to plant and machinery allowances to update the example and amend the guidance in relation to the different types of pools (single asset pools class pools and the main pool)
CA20015 on the requirement for an asset to be ‘necessarily’ provided where the qualifying activity is an office or employment
CA20020 on UK property businesses to add guidance on houses in multiple occupation
CA20050 on the management of an investment company as a qualifying activity
CA20060 to add a new section on the restricted meaning of ‘on’ in respect of ‘on’ what expenditure has been incurred
Capital Gains Manual
The following pages of the Capital Gains Manual have been updated:
HMRC has updated its Capital Allowances Manual amending the following in the section on plant and machinery allowances:
CA20006 which provides an introduction to plant and machinery allowances to update the example and amend the guidance in relation to the different types of pools (single asset pools class pools and the main pool)
CA20015 on the requirement for an asset to be ‘necessarily’ provided where the qualifying activity is an office or employment
CA20020 on UK property businesses to add guidance on houses in multiple occupation
CA20050 on the management of an investment company as a qualifying activity
CA20060 to add a new section on the restricted meaning of ‘on’ in respect of ‘on’ what expenditure has been incurred
Capital Gains Manual
The following pages of the Capital Gains Manual have been updated:
