ARTICLE · 15 FEBRUARY 2012

Seed Enterprise Investment Scheme (SEIS)

Smith & Williamson

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Following a July 2011 consultation which closed on 28 September 2011, the Government put forward proposals and draft legislation published on 6 December 2011 to implement tax incentives for investment in small, potentially risky early stage UK companies who may otherwise experience barriers to raising external finance.

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Smith & Williamson

Introduction

Following a July 2011 consultation which closed on 28 September 2011, the Government put forward proposals and draft legislation published on 6 December 2011 to implement tax incentives for investment in small, potentially risky early stage UK companies who may otherwise experience barriers to raising external finance. The scheme provides for SEIS investors to receive income tax relief for investment on a similar basis to the now familiar Enterprise Investment Scheme (EIS). For the 2012/13 tax year only there is also an exemption from CGT for gains realised on any asset on a £ for £ basis, where the gains, or some of the gains, are invested in SEIS, for which draft legislation is expected to be available before the March 2012 Budget.

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