SEIS: income tax relief: issuing company: no partnerships requirement
Neither the issuing company nor any qualifying 90 percent subsidiary may be a member of either a partnership at any time in period A.
See VCM34040 for the meaning of ‘qualifying 90 percent subsidiary’.
‘Partnership’ is defined at ITA07/S257DH(2) as including a limited liability partnership, or any entity established under the law of a territory outside the UK which is similar in character to a partnership.
See VCM31140 for the meaning of ‘period A’.