[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 investor”).

(2)     Condition A is that—

(a)     there would (ignoring sub-paragraphs (5) and (6)) be a chargeable gain (“the original gain”) 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 year”)], and

(b)     the original gain is one accruing on the disposal of an asset by the investor at any time (“the disposal time”) 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 shares”), 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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