C1F1PART 5ASeed enterprise investment scheme

Annotations:
Amendments (Textual)
F1

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

Modifications etc. (not altering text)

CHAPTER 6Withdrawal or reduction of SEIS relief

Introduction

257FCCall options

1

This section applies if the investor grants an option which, if exercised, would bind the investor to sell any of the relevant shares.

2

The grant of the option is treated for the purposes of section 257FA as a disposal of the shares to which the option relates.

3

Nothing in this section prejudices section 257CD (no pre-arranged exits).