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Seed Enterprise Incentive Scheme (SEIS)

[siːd ˈɛntəpraɪz ɪnˈsɛntɪv skiːm (seɪz)]



Seed Enterprise Incentive Scheme (SEIS) is a government scheme that gives people investing in a startups tax reliefs on many different forms of taxation.

More detail:

Seed Enterprise Incentive Scheme (SEIS) is a tax relief scheme in the United Kingdom that encourages individuals to invest in new businesses that are just starting up. It is probably the most tax-efficient investment scheme in the UK at the moment.

The scheme allows individuals to invest up to £200,000 in SEIS eligible companies each year, and claim back up to 50% of the investment back in Income Tax relief.

There are also benefits related to Capital Gains tax. Individual who have held the shares for a minimum of three years and have received Income Tax relief on the investment are entitled to pay no Capital Gains tax when they sell the shares.

There are also some benefits associated with loss relief.

A Self Assessment must be filed first so that Income Tax relief can be claimed, and thus you become eligible for other tax reliefs.

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