[SCHEDULE 5BB Seed Enterprise Investment Scheme: Re-investment]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[SCHEDULE 5BB Seed Enterprise Investment Scheme: Re-investment]

[Section 150G]

[SEIS re-investment relief

1

(1)     Sub-paragraph (5) applies where conditions A to C are met in relation to an individual (“the investorâ€).

(2)     Condition A is that—

(a)     there would (ignoring sub-paragraphs (5) and (6)) be a chargeable gain (“the original gainâ€) accruing to the investor at any time in the tax year 2012–13 [[or any subsequent tax year] (the year in question being referred to in this Schedule as “the relevant yearâ€)], and

(b)     the original gain is one accruing on the disposal of an asset by the investor at any time (“the disposal timeâ€) in [the relevant year].

(3)     Condition B is that—

(a)     the investor is eligible for SEIS relief for the [relevant year] in respect of an amount subscribed for an issue of shares in a company made to the investor in that year,

(b)     the investor makes a claim for and obtains SEIS relief for that year in respect of all or some of those shares (“the relevant SEIS sharesâ€), and

(c)     if the relevant SEIS shares, or any corresponding bonus shares in relation to those shares, were issued before the disposal time,

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