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 6Withdrawal or reduction of SEIS relief
Value received by investor
257FIThe amount of value received
In a case falling within a provision listed in column 1 of the following table, the amount of value received for the purposes of sections 257FE and 257FJ is given by the corresponding entry in column 2 of the table.
Provision | The amount of value received |
|---|---|
Section 257FH(2)(a), (b) or (c) | The amount received by the investor or, if greater, the market value of the shares, securities or debt |
Section 257FH(2)(d) | The amount of the liability |
Section 257FH(2)(e) | The amount of the loan or advance, less the amount of any repayment made before the issue of the relevant shares |
Section 257FH(2)(f) | The cost to the issuing company of providing the benefit or facility, less any consideration given for it by the investor |
Section 257FH(2)(g) | The difference between the market value of the asset and the consideration (if any) given for it |
Section 257FH(2)(h) | The amount of the payment |
Section 257FH(7) | The amount of the payment or the market value of the asset |
Section 257FH(8) | The amount received by the investor or, if greater, the market value of the shares or securities |
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