SEIS income tax relief is withdrawn or reduced if an investor has access to the capital invested by receiving any value from the company within period A (see E3.801).
For the purposes of assessing the impact of value received by an investor, an individual who acquires any relevant shares on a transfer between spouses and civil partners is treated as the investor1.
A payment made to an individual includes a payment made to the individual indirectly or to the individual's order or for the individual's benefit2.
A number of circumstances are excluded from being a receipt of value. This includes receipts of insignificant value or specific excluded payments (see below).
When value is received, and the amount received
The investor receives value from the issuing company at any time under the circumstances described in the table below. The amount of the value ascribed for the purpose of withdrawal or reduction of relief is also described below.
| Circumstance3 | Amount of value4 |
| The |
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