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Section 150F: Seed enterprise investment scheme: reduction of relief

Taxation of Chargeable Gains Act 1992 · 1992 c. 12View on legislation.gov.uk

Part IV: Shares, securities, options etc. — Chapter III: Miscellaneous provisions relating to commodities, futures, options and other securities

This section has effect where—

section 150E(2) applies on a disposal of shares, and
before the disposal, value is received in circumstances where SEIS relief attributable to the shares is reduced by an amount under section 257FE(2)(a) of ITA 2007.

If section 150E(2) applies on the disposal but section 150E(5) does not, section 150E(2) applies only to so much of the gain as remains after deducting so much of it as is found by multiplying it by the fraction—

If section 150E(2) and (5) apply on the disposal, section 150E(2) applies only to so much of the gain as is found by—

taking the part of the gain found under section 150E(5), and
deducting from that part so much of it as is found by multiplying it by the fraction mentioned in subsection (2) above.

Where the SEIS relief attributable to the shares is reduced as mentioned in subsection (1) by more than one amount, "A" in subsection (2) is to be taken to be equal to the aggregate of the amounts.

The amount which is "B" in subsection (2) is to be found without regard to any reduction mentioned in subsection (1).

For the purposes of this section, Part 5A of ITA 2007 (seed enterprise investment scheme) applies to determine whether SEIS relief is attributable to any shares and, if so, the amount of SEIS relief so attributable.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.