VCM33010 - SEIS: income tax relief: general requirements: overview

ITA07/S257C

As well as the investor requirements (see VCM32000+) and issuing company requirements (see VCM34000+) there are general requirements relating to the investment and how it is used. Chapter 3 of ITA07/Part 5A sets out the requirements to be met as to:

• The shares (see VCM33020),
• The purpose of the issue (see VCM33030),
• The spending of the money raised (see VCM33040),
• No pre-arranged exits (see VCM33060),
• No tax avoidance (see VCM33070), and
• No disqualifying arrangements (see VCM33080).