C1F1PART 5ASeed enterprise investment scheme
Pt. 5A applied by Taxation of Chargeable Gains Act 1992 (c. 12), Sch. 5BB para. 8(4) (as inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 6 para. 5)
CHAPTER 7Withdrawal or reduction of SEIS relief: procedure
Interest
257GDDate from which interest is chargeable
1
In its application to an assessment made by virtue of section 257G in the case of relief withdrawn or reduced by virtue of a provision listed in subsection (2), section 86 of TMA 1970 (interest on overdue income tax) has effect as if the relevant date were 31 January next following the tax year in which the assessment is made.
2
The provisions are—
a
section 257BB (no substantial interest in the issuing company),
b
section 257BD (no linked loan requirement),
c
sections 257DA to 257DN (Chapter 4 requirements),
d
section 257FA (disposal of shares),
e
section 257FD (put options),
f
section 257FE (receipt of value by the investor),
g
section 257FP (acquisition of a trade or trading asset),
h
section 257FQ (acquisition of share capital).
Pt. 5A inserted (17.7.2012) (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by Finance Act 2012 (c. 14), Sch. 6 para. 1