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HMRC internal manual

Venture Capital Schemes Manual

From
HM Revenue & Customs
Updated
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Seed Enterprise Investment Scheme (SEIS): SEIS disposal relief: CGT exemption restricted

The CGT exemption may be restricted if:

  • Income Tax relief is not given on the full amount of the subscription for SEIS shares, see VCM40040, or
  • the amount of the Income Tax relief is reduced, or is withdrawn in full, see VCM40070.