SEIS relief

SEIS tax reliefs

In summary, there are three principal SEIS reliefs available to qualifying individual investors, one concerning income tax and two concerning capital gains tax (CGT):

1. •

   income tax relief of up to 50% of the amount invested, up to an annual limit of £200,000 (subject to clawback if the shares are disposed of within three years)

2. •

   CGT disposal exemption (disposal relief) on capital gains realised on disposals of shares that qualified for SEIS income tax relief and were held for three years, and

3. •

   CGT re-investment relief providing a CGT exemption for 50% of any gains realised on the disposal of assets in a tax year and re-invested in the same tax year in shares qualifying for SEIS income tax relief up to a maximum exemption of £100,000.

Additionally, there are two other tax reliefs, which are not SEIS-specific, but generally apply to