Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Shares definition

What does Shares mean? In company law practice, a share is a unit of a member’s interest in a company, carrying the rights and obligations attached to its class (for example, voting, dividends and return of capital on a winding up). The Companies Act 2006 simply states that a share is a share in a company’s share capital; the Irish Companies Act 2014 adopts a broadly equivalent approach. Usage and effect are consistent across England & Wales, Scotland, Northern Ireland and Ireland. A company’s share capital comprises the number of shares it allots and issues to investors on or after incorporation. Those...

SEIS relief: risk-to-capital, disqualifying arrangements, share terms, fundraising and qualifying business activity—conditions and period B under ITA 2007 Part 5A (UK)

Published by a LexisNexis Tax expert

Practice notes

Seed Enterprise Investment Scheme (SEIS)

Mirroring the Enterprise Investment Scheme (EIS), SEIS seeks to boost funding for smaller, higher-risk trading companies by providing a suite of tax reliefs to individuals subscribing for newly issued Shares in those businesses.

The SEIS rules are tightly defined and require compliance across several areas, including:

the overall arrangements, the nature of the shares issued, and the funds raised
the individual Investors
the issuing company

This Practice Note concentrates on the conditions governing the general arrangements, the characteristics of the shares, the purpose behind issuing the shares, and the amount and application of the monies raised.

These Requirements are explained by reference to the income tax relief contained in Part 5A of the Income Tax Act 2007 (ITA 2007).

Capital gains tax (CGT) relief—whether via the disposal exemption or re-investment relief—applies only to shares that attract SEIS income tax relief, so the same conditions are equally relevant for CGT purposes.

For information on the other conditions, see Practice Notes:

SEIS—conditions for relief: individual investor conditions
SEIS—conditions for relief: issuing

...

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Web page updated on 21/05/2026

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