The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:
The seed enterprise investment scheme (SEIS) is designed to encourage individuals to invest in new shares issued by qualifying unquoted companies. SEIS is specifically aimed at very small companies which have only started to carry on a qualifying trade. The scheme complements the enterprise investment scheme (EIS) as it is expected that companies may want to go on to use EIS after an initial investment under SEIS.
HMRC has issued a helpsheet HS393 and guidance at VCM30000 onwards.
See the Topic summary ― SEIS and EIS guidance note for a comparison of the tax reliefs available under SEIS and EIS.
A subscription for eligible shares of a qualifying SEIS company is a tax efficient investment for the individual who can benefit from the following tax reliefs:
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