PART 5A

Seed enterprise investment scheme
CHAPTER 1

Introduction

SEIS relief

Meaning of “SEIS relief” and commencement
257A
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.
3
This Part has effect in relation to shares issued on or after 6 April 2012 only.
4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 257A(3) substituted (17.7.2014) by Finance Act 2014 (c. 26), s. 54(2)
Pt. 5A applied by Taxation of Chargeable Gains Act 1992 (c. 12), Sch. 5BB para. 8(4) (as inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 6 para. 5)
Pt. 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
S. 257A(4) omitted (17.7.2014) by virtue of Finance Act 2014 (c. 26), s. 54(3)