SEIS Relief definition
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.
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 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.
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.
If a company issues shares on which SEIS Relief is claimed, it is possible for it to issue subsequent shares on which EIS Relief may be claimed but the EIS subscriptions cannot be raised on the same day.
SEIS Qualifying Trade Means a trade permitted by sections 257HF ITA, section 189 ITA and section 192 ITA SEIS Relief The tax reliefs available under the SEIS, including the income tax relief, capital gains re-investment relief and capital gains disposal relief.
Claiming SEIS Relief An investor cannot claim income tax relief until the Investee Company has submitted an SEIS1 form and HMRC has issued a compliance certificate to confirm that it is SEIS qualifying and can issue investors with SEIS3 forms.
Investors are strongly recommended to seek professional tax advice on making claims for SEIS Relief as personal circumstances may differ.
The Investor confirms that the information stated in the Application Form is true and accurate as at the date of this Agreement, in particular the fact as to whether or not the Investor wishes to seek SEIS Relief for the Investments.
Shares only qualify for SEIS Relief if they are ordinary shares which do not, at any time during the Three Year SEIS Period, carry any present or future preferential right to dividends (other than to certain fixed rate non- cumulative dividends) or to an Investee Company’sassets on its winding up, or any present or future right to be redeemed.