Spoke to a potential new client last night.
Apparently she made a SEIS investment and claimed the deduction on her 18/19 tax return and received a tax refund. The company is undergoing some sort of group restructuring (unaware of actual details).
She been told that she might have to repay her tax refund.
Why?
Replies (2)
Please login or register to join the discussion.
Because the SEIS shares have to be qualifying shares for at least three years. If her shares are going to b e swapped for other shares during the restructuring those replacement share may not qualify for SEIS .
Also the SEIS company must not be controlled by another company in the 3 year period from the issue of the shares to the 3rd anniversary of that date.