Section 54 | Removing time limit on seed enterprise investment scheme relief

(1)Section 257A of ITA 2007 (meaning of “SEIS relief” and commencement) is amended as follows.

(2)For subsection (3) (which limits SEIS relief to shares issued on or after 6 April 2012 but before 6 April 2017) substitute—

(3)This Part has effect in relation to shares issued on or after 6 April 2012 only.

(3)Omit subsection (4) (which allows the Treasury to extend SEIS relief by order).