[F1257AMeaning of “SEIS relief” and commencementU.K.
(1)This Part provides for SEIS income tax relief (“SEIS relief”), that is, entitlement to tax reductions in respect of amounts subscribed by individuals for shares in companies carrying on new businesses.
(2)In this Part “SEIS” stands for the seed enterprise investment scheme.
[F2(3)This Part has effect in relation to shares issued on or after 6 April 2012 only.]
F3(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]
Textual Amendments
F1Pt. 5A inserted (17.7.2012) (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by Finance Act 2012 (c. 14), Sch. 6 para. 1
F2S. 257A(3) substituted (17.7.2014) by Finance Act 2014 (c. 26), s. 54(2)
F3S. 257A(4) omitted (17.7.2014) by virtue of Finance Act 2014 (c. 26), s. 54(3)