What is SEIS (Seed Enterprise Investment Scheme)?

We've updated this guide on 3rd July 2019

The Seed Enterprise Investment Scheme (SEIS) is an extremely generous incentive set up to encourage individuals to invest in businesses that are just getting started.

You can get some of the best tax reliefs in the UK:

1. Tax reliefs when you invest

50% Income Tax Relief: for £10,000 investment, your income tax is reduced by £5,000 for that year. You can also “Carry Back” this relief to apply some or all of it to the previous tax year.
100% Capital Gains Tax Relief: if you had previous capital gains and used them to invest into SEIS company, then those gains are exempt from capital gains tax. This is how much you’d normally pay.

2. Tax reliefs when you exit

100% Capital Gains Tax Exemption: any gains you make from selling your SEIS shares are fully exempt from CGT. You must hold the shares for at least 3 years and have claimed the income tax relief above.
100% Loss Relief: any losses on the shares can be fully deducted against your Income or Capital Gains Tax.

3. Additional reliefs

100% Inheritance Relief: the shares get full IHT relief as long as the investor’s passing away is at least 2 years after investment. Here is how much the IHT would normally be.

How to invest in SEIS companies

The SEIS is a great scheme to take advantage of (as is EIS, which focuses on slightly less risky businesses).

You can easily invest in SEIS eligible companies through:

The maximum amount you can invest is £100,000.

Can TaxScouts help with SEIS tax reliefs?

Absolutely.

We can tell you exactly which documents we need and file your Self Assessment tax for you so you can actually benefit from all the SEIS tax reliefs.

More guides & useful information

How TaxScouts works

1. Simple online tax assessment

Our online tax-bot will go over your tax situation and will make sure you won’t overpay your taxes.

2. Chat to human advisors

You can talk to one of our tax assistants at any time during the process when you have any questions.

3. We’ll sort your documents online

We’ll tell you exactly what documents you need and sort them for you online. You just upload them or snap a picture with your phone.

4. Everything gets prepared for you

Your certified accountant will go over your details & prepare your tax return for you to review. It will be filed on your behalf once you approve it.

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