We sort your Self Assessment for you. £169, all in.

Fast, effortless and 100% online.  Learn more

We sort your Self Assessment for you. £169, all in.

Seed Enterprise Incentive Scheme (SEIS)

  • 1 min read

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.

TaxScouts Newsletter

Want regular tips from us?

Sign up for important updates, deadline reminders and basic tax hacks sent straight to your inbox.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.