The following Owner-Managed Businesses guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
The seed enterprise investment scheme (SEIS), like the enterprise investment scheme (EIS), is designed to encourage individuals to invest money in shares issued by qualifying unquoted companies trading wholly or mainly in the UK.
HMRC has published some basic guidance. See the Seed enterprise investment scheme (SEIS) ― introduction guidance note for an overview of the scheme and for details on how to make a claim for relief.
There are a plethora of conditions that must be met in order for SEIS relief to be given and several conditions apply over periods of time (see the Seed enterprise investment scheme ― scheme criteria guidance note). It is possible for conditions to be breached after relief has been claimed by the investor. Because of this, there are extensive provisions for the withdrawal of relief. Withdrawal applies to all forms of relief given through SEIS and must be applied as if the relief had never been given.
SEIS relief is withdrawn if:
the shares are sold to someone other than the spouse / civil partner
a call option is granted in respect of the shares
the investor acquires a put option in respect
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