The Government has confirmed the extensions to the SEIS as per the announcement first made on 23rd September 2022. These extensions will have effect from 6th April 2023 and will be included in the Spring Finance Bill 2023.

“Legislation will be introduced in Spring Finance Bill 2023 to amend the limits on the size and age of the companies that can access the SEIS as well as on the amounts that they can raise and on which investors can claim income tax and capital gains tax reliefs. The following are to be increased:

  • The ceiling that applies to the investment a company can raise in the relevant period and on which investors can claim relief – from £150,000 to £250,000.
  • The limit that applies at the date of investment on the “gross assets” a company can have – from £200,000 to £350,000.
  • The age limit that applies to the definition of a company’s “new qualifying trade” at the date of investment – from 2 years to 3 years
  • The annual limits that apply to the investment amount on which individuals can claim income tax and CGT re-investment reliefs – from £100,000 to £200,000″

Full details can be found here.

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