An investor is eligible for SEIS relief in respect of an amount subscribed by the investor, on the investor's own behalf, for an issue of shares if certain conditions are met:
| Eligibility conditions1: | Commentary can be found at: |
| The risk to capital condition must be met. | See below |
| The investor must be a qualifying investor. | E3.805 |
| The shares issued to the investor must be relevant shares and general requirements, including requirements as to the purpose of the issue of shares and the use of money raised, must be met. | E3.815 |
| The issuing company must be a qualifying company. | E3.825 |
The risk to capital condition
A risk to capital condition applies for SEIS in the same way that such a condition applies for EIS (see E3.102). It applies to shares issued on or after 15 March 20182.
The risk to capital condition is general in nature in that it looks to the overall purpose of SEIS rather than examining the
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