SEIS Relief definition

SEIS Relief means the tax reliefs available under the SEIS, including the income tax relief, capital gains tax reinvesment relief and share loss relief;

SEIS Relief relief from income tax under SEIS;

SEIS Relief relief from income tax under SEIS (within the meaning of section 257AB of ITA 2007);

Examples of SEIS Relief in a sentence

• The performance of the Fund is dependent on the ability of the Manager as advised by the Investment Adviser to identify appropriate Investee Companies which qualify and will continue to qualify for SEIS Relief and on the ability of the Investee Companies and their management teams to perform in line with their respective business plans.

• In return for subscribing to the Fund, the Fund Manager and Jenson seek to provide Investors with: • A diverse portfolio of Investments in a wide range of sectors and industries, which qualify for SEIS Relief and/or EIS Relief.

• The Investment Manager is required by FCA rules to obtain sufficient information from you to determine whether investment in the Fund is appropriate for you.Investments in the Fund are intended to be medium to long term and must be held for at least three years to qualify for SEIS Relief.

• These circumstances may relate to an Investee Company ceasing to be a SEIS or EIS qualifying company or the Investor himself or herself failing or ceasing to qualify for SEIS Relief or EIS Relief.

• The Issuer may amend this Investor Agreement by giving you written notice with immediate effect if such is necessary in order to comply with Applicable Laws including HMRC requirements, or in order to maintain the SEIS Relief or in order to comply with the FCA rules.

• Each Investee Company in which the Fund invests must initially (i.e., at the time of issue of the Shares) not be listed on a recognised stock exchange (as defined for the purposes of SEIS Relief) and there must be no “arrangements” in place for it to become so listed.

• An SEIS3 form is required by an investor to claim SEIS Relief for each investment made by the Fund, subject to an individual’s personal circumstances.

• Receipt of valueAn Investor could cease to qualify for full SEIS Relief or EIS Relief if he or she has received value from anInvestee Company at any time since its incorporation or within three years of making his or her Investment through the Service.

• SEIS Relief (Only applicable to provate individuals that are also UK tax payers) Please tick the appropriate box:I wish to claim SEIS relief (where possible).

• Therefore, SEIS Relief may not be available to all investors and/or may be lost by investors in certain circumstances.

More Definitions of SEIS Relief

SEIS Relief means relief under Part 5A (seed enterprise investment scheme).”

SEIS Relief means relief under Part 5A of ITA 2007 (seed enterprise investment scheme);

SEIS Relief means relief under Part 5A of ITA 2007.”

SEIS Relief relief from income tax under SEIS (within the meaning of section 257AB of ITA 2007); − “SEIS Qualifying Company” a company which is a qualifying company for the purpose of SEIS as set out in chapter 4 of part 5A of ITA 2007; − “Subscription” a subscription to the Fund by an Investor pursuant to Clause 3 of this Agreement, the initial amount of which is specified in the Application Form plus all amounts subscribed on or before a Subscription Date; − “Subscription Amount” the amount subscribed for such Investment by the Investor; − “Subscription Date” the date on which Subscriptions to the Fund are deemed to be received by the Fund Manager in order to make Investments; − “Tax Advantages” the various tax advantages, including SEIS and EIS Relief, arising from subscriptions for shares in SEIS and EIS Qualifying Companies;