The 2012 Finance Bill is expected to create the new Seed Enterprise Investment Scheme (SEIS). SEIS is designed to help start-up companies attract initial investment. Investors will receive up-front income tax relief at 50% and capital gains relief on their investment. The draft legislation is heavily based on the EIS rules with some key differences. While the SEIS is very welcome, it is limited to very small businesses and has very low financial limits. Consultation on the draft legislation ends on 10 February 2012.
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