Income Tax Act 2007 section 257A

Meaning of "SEIS relief" and commencement

Section 257A defines SEIS income tax relief and establishes when the Seed Enterprise Investment Scheme takes effect.

  • SEIS relief provides income tax reductions for individuals who subscribe for shares in companies carrying on new businesses
  • "SEIS" stands for the Seed Enterprise Investment Scheme
  • The scheme applies only to shares issued on or after 6 April 2012
  • The relief is designed to encourage investment in early-stage companies by offering a tax incentive to individual investors

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