Note that this scheme closed to new investment from 6 April 2023 onwards.
A clawback of SI relief may be avoided if the investor makes a timely return of value. The replacement value must be at least equal to the value received (without any reduction for overlapping investments: see E3.919)1. The person returning value must be 'original recipient' ie the person who originally received the value (which may be the investor or may be one or more of the investor's associates). The entity that receives the return of the value must be the 'original supplier' ie the entity that originally
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Web page updated on 17 Mar 2025 17:26