Back

⚠️ Hey, you are using an outdated web browser.
TaxScouts might not work with your browser. Upgrade here

Let us sort your Self Assessment online. £119, all in. Learn more

Seed Enterprise Incentive Scheme (SEIS)

The Seed Enterprise Incentive Scheme (also called SEIS) is a tax relief scheme that lets you save on tax by investing in new businesses just starting up.

SEIS is possibly the best tax-efficient investment scheme in the UK – others are EIS, VCT, SITR, CITR, ISAs, etc.

The tax reliefs that you can get from investing in SEIS-eligible businesses are:

  • Income Tax relief: you can get 50% of your investment back from HMRC – you can do this as early as April of the next tax year
  • Capital Gains Tax (CGT) relief: if you hold the shares for 3 years, you don’t pay any CGT when you sell them
  • Loss relief: if the startup fails and you lose money, you can also claim relief on your loss.

Because of these reliefs, you can only invest up to £100,000 per tax year.

The most important thing you need to remember is that you need to file a Self Assessment and claim your Income Tax relief first – otherwise you’re not eligible for the other reliefs, either.

Hey there! We really hope this article helped you. Tax matters can be a dreadful topic at times. We know. That's why we started TaxScouts.
A stress-free way to getting your taxes done.

Have a minute? See how it works

More guides & useful information

Related terms

Let us sort your Self Assessment online. £119, all in.

That’s right. No matter how complicated it gets or why you need to do a return in the first place, it’ll cost £119 to get it done. That includes VAT, last-minute changes and all the support you may need.

How TaxScouts works

Answer a few simple questions

And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start preparing your tax return.

Then get paired with a tax return accountant

That’s right, you’ll be matched with a real certified accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.

We file your Self Assessment for you

Once you’ve signed off your return, your TaxScouts accountant will submit your return with HMRC for you.

That’s it! We told you it was simple.