Seed Enterprise Investment Scheme – An Update
As ever the devil is in the detail –the continuing relief for reinvesting gains in SEIS shares will apply to gains accruing in 2013/14 when those gains are reinvested during 2013/14 or 2014/15 but the relief will apply to only half the qualifying re-invested amount.
One very welcome piece of news though is the removal of the anomaly where the legislation prevented a company from qualifying under SEIS where it was initially established by a corporate formation agent. This will apply in respect of shares issued on or after 6 April 2013.
Date: 20th March, 2013
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