SDLTM24740 | Further restrictions for RIFs

There are further restrictions for seeding relief that apply when the CoCS is a RIF.

Entry notices

As explained at SDLTM24725 , a RIF is only able to claim seeding relief when an entry notice has been given in relation to the scheme on or before the effective date of the transaction.

Exit and re-entry to the RIF regime

There is an additional restriction for RIFs, to prevent a RIF from claiming seeding relief multiple times by exiting and later re-entering the regime.

Seeding relief may not be claimed when the purchaser is a RIF if the scheme:

• has previously claimed seeding relief, and

• following that claim for relief, ceased at any time, to be a RIF.