Acquisition of issuing company by new company

Attribution of relief to new shares

Generally

Substitution of new shares for old shares

Amount of relief

Application for authority to issue compliance certificate

Assessments

Assessments for withdrawal/reduction of relief

Appeals

Generally

No assessments to be made

Time limits

Attribution of relief to shares

Bare trustees

Capital gains tax exemptions

Capital gains tax reliefs

Generally

Re-investment relief

Reduction of relief

Claims

Compliance certificate

Compliance statements

Entitlement

Time for making

Claims for relief

Commencement

Compliance certificate

Compliance certificates and statements

Compliance statements

Definitions

Directors

Disposal of shares

Capital gains tax reliefs

Identification of shares

Meaning

Transfers between spouses/civil partners

Effect of Income Tax Act 2007, s. 257DK

Eligibility for relief

Form of application for enterprise investment scheme used by mistake

Form of relief

Generally

Income tax relief

Attribution to shares

Carry-back

Claims

Eligibility for

Generally

Information powers

Information to be provided

Investor, by

Issuing company, by

Obligations of secrecy

Power to require

Interest chargeable

Investors

Generally

No employee requirement

No linked loan requirement

No related investment arrangements requirement

No substantial interest in issuing company requirement

Requirements

Substantial interest in a company, persons with

Investors, requirements to be met

Associates, meaning

Bare trustees

Connected persons

Employee-investors

Loan linked investments

Nominees

Qualifying investors

Related investment arrangements

Substantial interests

Issue of shares

Issue of shares, meaning

Issuing company

Amounts raised limits

Control and independence requirement

Financial health requirement

Generally

Gross assets requirement

No partnership requirement

No previous other risk capital scheme investments

Number of employees requirement

Property managing subsidiaries requirement

Qualifying business activity requirement

Qualifying subsidiaries requirement

Requirements

Trading requirement

UK permanent establishment requirement

Unquoted status requirement

Issuing company, requirements to be met by

Carrying on qualifying business activity

Control and independence

Excluded trade activities

Financial health

Generally

Gross assets

Maximum amount to be raised under

New qualifying trades

Number of employees

Partnerships disallowed

Permanent establishment

Property managing subsidiaries

Qualifying business activities

Qualifying subsidiaries

Qualifying trades

Relevant shares

Risk-to-capital condition

Shares to be unquoted

Spending money raised, time limit

Trading requirement

Venture capital scheme, no previous investment

Losses on shares

Maximum amount raised annually

Maximum risk finance investments

5-year post-investment period requirement

Generally

Relevant holding is issued requirement

Requirement during period B

New qualifying trade, meaning

Nominees

Period A, meaning

Period B, meaning

Period of scheme

Prescribed periods

Qualifying business activity, meaning

Re-investment capital gains tax relief

Adjustment of liability

Attribution to relevant SEIS shares

Claims

Generally

Interpretation

Removal/reduction of relief

Restrictions

Transfer of shares to spouses/civil partners

Reporting requirements

SEIS relief, meaning

Share loss relief

Shares requirement

Generally

No disqualifying arrangements requirement

No pre-arranged exit requirement

No tax avoidance requirement

Purpose of issue requirement

Spending of money raised requirement

Spending of money raised requirement

Transfers between spouses or civil partners

Transfers between spouses/civil partners

Value received by investor, withdrawal of relief

Amount of value received

Amount received

Connected persons, receipts by and from

Exceptions

Excluded payments

Generally

Maximum relief not obtained

More than one issue

More than one issue of shares

Part of issue treated as made in previous tax year

Part of issue treated as made in previous year

Receipts of insignificant value

Replacement value, exemption

Replacement value, receipts of

When value is received

When value received

Venture capital trusts

Withdrawal of relief

Acquisition of issuing company

Acquisition of share capital

Acquisition of trade/trading assets

Call options, grant of

Disposal of shares

Generally

Grant of options

Identification, disposal of shares

Interest on tax arising

Put options, grant of

Relief subsequently found not to be due

Value received by investor

When value is received

Withdrawal/reduction of relief

Acquisition of share capital

Acquisition of trade/trading assets

Assessments

Call options

Disposal of shares

Generally

Information to be provided

Interest chargeable

Maximum relief not obtained

Put options

Relief subsequently found not to have been due

Value received by investor