VCM33010 - SEIS: income tax relief: general requirements: overview

ITA07/S257C

As well as the investor requirements (see VCM32000+) and issuing company requirements (see VCM34000+) there are general requirements relating to the investment and how it is used. Chapter 3 of ITA07/Part 5A sets out the requirements to be met as to:

  • »Ê¹ÚÌåÓýapp shares (see VCM33020),
  • »Ê¹ÚÌåÓýapp purpose of the issue (see VCM33030),
  • »Ê¹ÚÌåÓýapp spending of the money raised (see VCM33040),
  • No pre-arranged exits (see VCM33060),
  • No tax avoidance (see VCM33070), and
  • No disqualifying arrangements (see VCM33080).