Taxation of Chargeable Gains Act 1992 section 150G

Seed enterprise investment scheme: re-investment

Section 150G introduces the capital gains tax relief available when gains are reinvested in shares that qualify under the Seed Enterprise Investment Scheme (SEIS).

• This section activates Schedule 5BB to the Taxation of Chargeable Gains Act 1992, which contains the detailed rules for SEIS reinvestment relief
• The relief allows individuals to reduce or exempt chargeable gains where the proceeds are reinvested into qualifying SEIS shares
• The provision was introduced by Finance Act 2012 and took effect from 17 July 2012
• The section was subsequently amended by Finance Act 2014 section 55(2)