Income Tax Act 2007 section 257C

Overview of Chapter

Section 257C provides an overview of the general requirements that must be met for shares to qualify under the Seed Enterprise Investment Scheme (SEIS).

• Six general requirements must all be satisfied for shares to qualify under SEIS
• The shares themselves must meet specific criteria, and the purpose of their issue must be appropriate
• The money raised must be spent in accordance with the rules, with no pre-arranged exits permitted
• There must be no tax avoidance motive and no disqualifying arrangements in connection with the share issue