VCM40100 - Seed Enterprise Investment Scheme (SEIS): SEIS disposal relief: losses

TCGA92/S150E (1) and (3)

An investor can claim a loss on the disposal of SEIS shares even if

  • the Income Tax relief is not withdrawn and
  • were a gain to accrue instead, that gain would not be a chargeable gain.

Where a loss arises it must be reduced by the amount of any Income Tax relief which remains attributable to the shares sold.

»Ê¹ÚÌåÓýapp examples at VCM40110 and VCM40120 show how allowable losses are reduced to take account of Income Tax relief.