If a client subscribes for £100k of shares under the SEIS scheme in 2019-20 is it possible to relieve £50k by carrying back to 18-19 and utilise the remaining £50k in 19-20?
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I have read the legislation, which suggests that you can, but if you follow HMRC's examples of how to claim, it suggests that you can't
https://www.gov.uk/hmrc-internal-manuals/venture-capital-schemes-manual/...
I have read the legislation, which suggests that you can, but if you follow HMRC's examples of how to claim, it suggests that you can't
https://www.gov.uk/hmrc-internal-manuals/venture-capital-schemes-manual/...
What part of the guidance in the manual leads you to believe you cannot carry back £50K to the previous year? Please explain.
Thanks for your replies, I have misread the examples in HMRC guidance and am now happy that it can be split and part carried back. Thanks for your help.