The Seed Enterprise Investment Scheme (SEIS) promises investors a lot – but some quirky rules need following to make the most of the tax breaks. Guidance from HM Revenue & Customs would have most investors believing that tax reliefs are automatic – but they are not.

How long do I have to keep SEIS shares?
The usual investment term is 36 months to trigger SEIS income tax and capital gains/loss reliefs.

Investors who leave the scheme early can expect HMRC to claw back any income tax refund and to refuse claims for CGT or loss relief.

For Inheritance Tax Relief to kick in, investors must hold their SEIS shares for at least two years and if they gift them, the person receiving them must keep them until the donor dies.

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