ITA07/S257FA, S257FB

Relief will be withdrawn where before the end of period B (see VCM31140) the investor disposes of shares for which SEIS relief has been given. Guidance on the attribution of SEIS relief to shares is at VCM35020 and on the identification of shares on a disposal is at VCM37020.

The death of an investor does not trigger the withdrawal of any relief given – ITA07/S257GC. A disposal to a spouse or civil partner does not trigger the withdrawal of any relief given – the shares are treated as though the spouse or civil partner had subscribed for them – ITA07/S257FA(4) (see VCM37010).

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