Income Tax Act 2007 section 257EA

Time for making claims for SEIS relief

Section 257EA sets out the time limit for claiming Seed Enterprise Investment Scheme (SEIS) relief and how that deadline applies when a share issue is treated as split across two tax years.

• Claims for SEIS relief must be made no later than five years after the normal self-assessment filing date for the tax year in which the shares were issued.
• The normal self-assessment filing date is typically 31 January following the end of the tax year, so the five-year window runs from that date.
• Where part of a share issue is treated under section 257AB as having been issued in an earlier tax year, that part and the remainder are treated as two separate share issues for the purpose of calculating the claim deadline.
• The portion deemed issued in the earlier tax year has its own five-year deadline running from the self-assessment filing date for that earlier year.