Income Tax Act 2007 section 257D

Overview of Chapter

Section 257D provides an overview of the requirements a company must satisfy to be a qualifying company for the purposes of the Seed Enterprise Investment Scheme (SEIS).

  • A company issuing shares under SEIS must meet thirteen specific requirements to qualify
  • Requirements cover the company's trading activity, financial health, size, and independence
  • The company must be unquoted, UK-based, and not part of a partnership
  • Limits apply to gross assets, employee numbers, and amounts previously raised through SEIS or other risk capital schemes

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