Part 1Income tax, corporation tax and capital gains tax
Other reliefs relating to businesses
15Seed enterprise investment scheme: increase of limits etc.
1
2
In section 257AB (form and amount of SEIS relief), in subsection (2)(b), for “£100,000” substitute “£200,000”
.
3
In section 257DI (the gross assets requirement)—
a
in subsection (1), for “£200,000” substitute “£350,000”
;
b
in subsection (2), for “£200,000” substitute “£350,000”
.
4
In section 257DL (the amount raised through the SEIS), in each of the following provisions, for “£150,000” substitute “£250,000”
—
a
subsection (1);
b
subsection (4)(a);
c
subsection (4)(b);
d
in subsection (6), the definition of “A”.
5
In section 257HF (meaning of “new qualifying trade”)—
a
in subsection (1)(a), for “two” substitute “three”
;
b
in subsection (2), for the definition of “two year pre-investment period” substitute—
“three year pre-investment period” means the period of 3 years ending immediately before the day on which the relevant shares are issued.
6
In Schedule 5BB to TCGA 1992 (seed enterprise investment scheme: re-investment), in paragraph 2—
a
in sub-paragraph (1), for “£100,000” substitute “£200,000”
;
b
in sub-paragraph (2), in the formula, for “£100,000” substitute “£200,000”
.
7
The amendments made by this section have effect in relation to shares issued on or after 6 April 2023.