http://www.legislation.gov.uk/ukpga/2007/3/section/257FOIncome Tax Act 2007An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.texttext/xmlenStatute Law Database2026-04-15Expert Participation2026-01-20 Income Tax Act 2007s. 6DFinance Act 2026s. 6(2)(8)Income Tax Act 2007s. 11CAFinance Act 2026s. 6(3)(8)Income Tax Act 2007s. 16AFinance Act 2026s. 6(4)(8)Income Tax Act 2007s. 17AFinance Act 2026s. 6(5)(8)Income Tax Act 2007s. 25(3A)Finance Act 2026s. 6(6)(8)Income Tax Act 2007s. 175(1B)(1C)Finance Act 2026s. 14(5)(b)s. 14(8)Income Tax Act 2007s. 186(A1)(A2)Finance Act 2026s. 14(6)(a)s. 14(8)Income Tax Act 2007s. 256BFinance Act 2026s. 14(7)s. 14(8)Income Tax Act 2007s. 293(5B)(5C)Finance Act 2026s. 15(6)(b)s. 15(9)Income Tax Act 2007s. 297(A1)(A2)Finance Act 2026s. 15(7)(a)s. 15(9)Income Tax Act 2007s. 331CFinance Act 2026s. 15(8)s. 15(9)Income Tax Act 2007s. 733(2E)Finance Act 2026s. 53(9)s. 53(10)(a)Income Tax Act 2007s. 523AFinance Act 2026s. 54(3)(10)Income Tax Act 2007s. 558(2)Finance Act 2026s. 55(2)(11)Income Tax Act 2007s. 558(1)Finance Act 2026s. 55(3)(11)Income Tax Act 2007s. 558(2)Finance Act 2026s. 55(4)(a)(11)Income Tax Act 2007s. 558(2)Finance Act 2026s. 55(4)(b)(11)Income Tax Act 2007s. 558(3)(4)Finance Act 2026s. 55(5)(11)Income Tax Act 2007s. 6(3)(zd)Finance Act 2026Sch. 1 para. 2(b)s. 6(8)Income Tax Act 2007s. 6B(1A)Finance Act 2026Sch. 1 para. 3(a)s. 6(8)Income Tax Act 2007s. 9(1A)(1B)Finance Act 2026Sch. 1 para. 4(a)s. 6(8)Income Tax Act 2007s. 11CB 11CCFinance Act 2026Sch. 1 para. 10s. 6(8)Income Tax Act 2007s. 11DAFinance Act 2026Sch. 1 para. 12s. 6(8)Income Tax Act 2007s. 479(2A)(2B)Finance Act 2026Sch. 1 para. 24s. 6(8)Income Tax Act 2007s. 481(3A)(3B)Finance Act 2026Sch. 1 para. 25s. 6(8)Income Tax Act 2007s. 6B(1A)Finance Act 2026Sch. 2 para. 2s. 8(2)-(4)Income Tax Act 2007s. 812A(4A)-(4C)Finance Act 2026Sch. 3 para. 22(2)Sch. 3 para. 23(1)Income Tax Act 2007s. 812A(4D)Finance Act 2026Sch. 3 para. 22(3)Sch. 3 para. 23(2)Income Tax Act 2007s. 827(2)-(5)Finance Act 2026Sch. 7 para. 24(1)(b)Sch. 7 para. 30Income Tax Act 2007s. 809ZJ(1)(a)Finance Act 2026Sch. 9 para. 4(2)(a)s. 56(8)Income Tax Act 2007s. 809ZJ(1)(b) and wordFinance Act 2026Sch. 9 para. 4(2)(b)s. 56(8)Income Tax Act 2007s. 809ZL(2A)Finance Act 2026Sch. 9 para. 6(5)s. 56(8)Income Tax Act 2007s. 809ZMA 809ZMBFinance Act 2026Sch. 9 para. 8s. 56(9)(10)s. 56(8)Income Tax Act 2007s. 809ZN(1)(aa)Finance Act 2026Sch. 9 para. 9(2)(b)s. 56(8)Income Tax Act 2007s. 809ZN(2A)Finance Act 2026Sch. 9 para. 9(3)s. 56(8)Income Tax Act 2007s. 809ZO(1)(aa)Finance Act 2026Sch. 9 para. 10(2)(b)s. 56(8)Income Tax Act 2007s. 809ZO(2A)Finance Act 2026Sch. 9 para. 10(3)s. 56(8)Income Tax Act 2007s. 809EZB(1)(d)Finance Act 2026Sch. 11 para. 3(3)(e)s. 58(6)Income Tax Act 2007s. 809EZB(5)Finance Act 2026Sch. 11 para. 3(3)(g)s. 58(6)Income Tax Act 2007s. 788(7)Legal Services Act 2007Sch. 21 para. 161(b)s. 29 192 193s. 211(2)art. 2(h) PART 5ACHAPTER 6257FO1The receipt of the replacement value by the original supplier is ignored for the purposes of section 257FN(1) to the extent to which it has previously been set (under that section) against a receipt of value to prevent any reduction or withdrawal of SEIS relief under section 257FE.2The receipt of the replacement value by the original supplier (“the event”) is ignored for the purposes of section 257FN if—athe event occurs before period A relating to the relevant shares,bif the event occurs after the time the original recipient receives the original value, it does not occur as soon after that time as is reasonably practicable in the circumstances, orcif an appeal has been brought by the investor against an assessment to withdraw or reduce any SEIS relief attributable to the relevant shares because of the receipt of the original value, the event occurs more than 60 days after the day on which the amount of relief which falls to be withdrawn has been finally determined.But nothing in section 257FN or this section requires the replacement value to be received after the original value.3This subsection applies if—athe receipt of the replacement value by the original supplier is a qualifying receipt for the purposes of section 257FN(1),bin consequence of the receipt, any receipts of value are ignored for the purposes of section 257FE as that section applies in relation to the shares in question or any other shares subscribed for by the investor, andcthe event which gives rise to the receipt is (or includes) a subscription for shares by—ithe investor, oriiany person who at any time in period A relating to the relevant shares is an associate of the investor (whether or not the person is such an associate at the material time).4If subsection (3) applies, the person who subscribes for the shares is not to be eligible for any SEIS relief in relation to those shares or any other shares in the same issue.5In this section “the original recipient”, “the original supplier” and “replacement value” have the same meaning as in section 257FN.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