Point in time view as at 26/05/2015.
Taxation of Chargeable Gains Act 1992, Paragraph 6 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
[F16(1)This paragraph applies if—U.K.
(a)shares to which an amount of SEIS relief is attributable were issued to an individual (“A”),
(b)A transferred the shares to another individual (“B”) during their lives,
(c)A was married to, or was the civil partner of, B at the time of the transfer, and
(d)subsection (4) of section 257FA of ITA 2007 (provision about disposals of shares disapplied where disposal between spouses or civil partners) prevented that section applying to the transfer.
(2)Any chargeable gain which accrues by virtue of paragraph 5(2), as a result of SEIS relief attributable to the shares being withdrawn or reduced after the shares are transferred, is to accrue to B (instead of to A).]
Textual Amendments
F1Sch. 5BB inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 6 para. 5
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