Policy paper

Venture Capital Schemes: expansion of the Seed Enterprise Investment Scheme (SEIS)

This tax information and impact note is about changes to the SEIS.

• From: HM Revenue & Customs
• Published: 15 March 2023

Documents

Increasing the limits of the Seed Enterprise Investment Scheme

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Details

This measure increases the existing limits that apply to company access and use of the SEIS and the investment amounts on which individuals can claim tax reliefs.

The company investment limit will increase from £150,000 to £250,000, the limit at the date of share issue on a company’s “gross assets” will increase from £200,000 to £350,000 and the age limit of a company’s “new qualifying trade” from 2 to 3 years.

The annual limits that apply to the investment amount on which individuals can claim income tax and Capital Gains Tax re-investment reliefs will also increase from £100,000 to £200,000.

The measure will have effect for shares issued on or after 6 April 2023.

Published 15 March 2023