E3.850 Attribution of SEIS income tax relief to shares
SEIS income tax relief given to an individual is to be attributed to the SEIS shares for which the individual has subscribed1. The amount of income tax relief attributable to a holding of shares will often be self-evident. However if the maximum amount on which relief is available for a year is exceeded (see E3.801), the total relief obtained for the year must be apportioned2.
| Reason for income tax relief | Attribution of relief |
| The income tax reduction is obtained because of one issue of shares. | The reduction is attributed to that issue3.
A proportionate part of reduction is attributed to each share in respect of which the claim is made4. This means that the reduction is attributed on a per share basis. |
| The income tax reduction is obtained because of two or more issues of shares. | The reduction is apportioned between the issues in the same |
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