The amount of SEIS reinvestment relief that is given is restricted in the following two circumstances:
- Ìý
•ÌýÌýÌýÌý the amount invested under SEIS exceeds the annual investment limit amount of £200,000 for shares issued on or after 6 April 2023 (£100,000 for shares issued prior to 6 April 2023) (see E3.805), or1
- Ìý
•ÌýÌýÌýÌý SEIS income tax relief is restricted before the claim to SEIS reinvestment relief is made (see E3.851)
For withdrawal or reduction of income tax relief triggering a withdrawal or reduction of SEIS reinvestment relief, after a claim to it has been made, see E3.885.
| Circumstance | Commentary |
| The amount invested under SEIS exceeds the annual investment limit of £200,000 for shares issued on or after 6 April 2023, (£100,000 for shares issued prior to 6 April 2023) on which an individual can obtain income tax relief in any one tax year2. | In this circumstance, the SEIS reinvestment relief is capped at the amount on which SEIS relief is due, applying the following formula3:
SA/TSA x £200,000 |
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Web page updated on 17 Mar 2025 16:58