Budget 2013 has made two proposals which will be welcome to those seeking to use the Seed Enterprise Investment Scheme (SEIS) which is available for investments made on or after 6 April 2012.
- the CGT holiday introduced originally for gains realised on the disposal of assets in 2012-13 is to be extended for a further year. In 2012-13, the CGT exemption was subject to a £100,000 investment limit (which matches a similar cap on SEIS-related income tax relief).
- Gains relaised on disposals in 2013-14 that are invested through SEIS in 2013-14 or the following year will be exempt from CGT, but the extension of the relief is only for half the qualifying reinvested amount.
Link to further information: