Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Company definition

What does Company mean? In legal practice, company describes an incorporated association formed to carry on business or another lawful purpose. Across England and Wales, Scotland and Northern Ireland this ordinarily means a body corporate formed and registered under the Companies Act 2006; in Ireland, under the Companies Act 2014. A company has separate legal personality (Salomon v A Salomon & Co Ltd), can own assets, enter contracts, sue and be sued, and typically provides limited liability for its members. Common forms are the private company limited by shares (Ltd), the public limited company (plc), the company limited by guarantee and the unlimited company....

UK SEIS: issuing company and group eligibility conditions, limits and period A/B compliance

Published by a LexisNexis Tax expert

Practice notes

The seed enterprise investment scheme (SEIS)

The seed enterprise investment scheme (SEIS), alongside the enterprise investment scheme (EIS), aims to stimulate investment backing for smaller, higher-risk trading businesses by granting various tax reliefs to individuals acquiring newly issued shares in the companies concerned themselves.

SEIS operates to detailed rules and stipulates multiple conditions that must be satisfied, covering in particular the following areas:

the individual investors
the shares issued, the funds raised and the overall arrangements in general
the issuing Company itself

This Practice Note concentrates on the requirements applicable to the issuing company and any group to which it belongs (if there is one). However, the issuer must also carefully consider all the other SEIS conditions set out in the additional Practice Notes mentioned below in full.

These requirements are framed by reference to SEIS income tax relief as provided for 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—arises only for shares attracting SEIS income tax relief, and therefore these conditions apply equally for CGT purposes.

For further information on the remaining conditions, see the Practice Notes:

SEIS—conditions for...

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Web page updated on 22/05/2026

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