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VCM32010 | SEIS: income tax relief: the investor: overview

From HM Revenue & Customs · Venture Capital Schemes Manual

ITA07/S257B

This section of the VCM sets out the investor requirements in respect of SEIS income tax relief. An investor is a ‘qualifying investor’ in relation to the ‘relevant shares’ (see VCM33020) if the requirements at ITA07/Part 5A/Chapter 2 are met as to:

  • No employee investors (see VCM32020),

  • No substantial interest in the issuing company (see VCM32030),

  • No related investment arrangements (see VCM32040),

  • No linked loans (see VCM32050),

  • No tax avoidance (see VCM32060).