The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:
The SEIS, like the EIS, is designed to encourage individuals to invest money in shares issued by qualifying unquoted companies, though is specifically aimed at smaller companies which have only recently begun to carry on a qualifying trade.
The scheme became effective from 6 April 2012 and HMRC have since published some basic guidance .
See the Seed enterprise investment scheme (SEIS) ― introduction guidance note for an overview of the scheme.
A subscription for eligible shares of a qualifying EIS company is a tax efficient investment for the individual. He can benefit from the following tax reliefs:
The income tax relief works in much the same way as the income tax relief for EIS and VCTs. That is, the income tax relief is 50% on the lower of:
Relief is given as a reduction from the
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