Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Venture Capital Schemes Manual

HM Revenue & Customs
, see all updates

Seed Enterprise Investment Scheme (SEIS): Re-investment Relief: attribution of relief to SEIS shares


The amount of re-investment relief is attributed equally across all the shares in respect of which the claim to relief is made. Thus an apportionment may be made if only some of the shares are disposed of.

If bonus shares are issued without any payment in respect of shares to which re investment relief is attributed and the shares are in the same company, of the same class, and carry the same rights, the relief is attributed proportionately across all the shares, both the original and the bonus shares.