Related Commentary  Related HMRC Manuals

150E(1)  For the purpose of determining the gain or loss on any disposal of shares by an individual where–

(a)an amount of SEIS relief is attributable to the shares, and

(b)apart from this subsection there would be a loss,

the consideration given by the individual for the shares is to be treated as reduced by the amount of the relief.

150E(2)  Where–

(a)shares are disposed of by an individual after the end of the period referred to in section 257AC(2) of ITA 2007,

(b)an amount of SEIS relief is attributable to the shares, and

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