"Individuals who subscribe for shares in a SEIS qualifying company will receive tax relief of 50% on the cost of the shares, which is offset against the individual's Income Tax liability for the year in which the investment is made."
Does 'Income Tax liability' above include capital gains tax on the sale of a residential investment property? I.e if someone sells a residential property to investment in a SEIS qualifying company, will they get the relief? Assume no other income during the year.
Thanks in advance.