Bonus issues
Where a company makes a bonus issue of shares in respect of a holding of SEIS shares, the bonus shares are treated as acquired on the date when the original shares were acquired, and a disposal of some of the shares is treated as a part disposal of the combined holding1. If the income tax relief on the original issue has not been withdrawn, exemption is due on a disposal after the end of the period described in E3.880.
Rights issues
Where a company makes a rights issue in respect of a holding of SEIS shares, the normal rules2, under which the
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Web page updated on 17 Mar 2025 17:28