SEIS Carry Back Relief

Hello, I'm completing my online self-assessment for the previous (2022/2023) tax-year. In the current tax-year (2023/2024) I've invested in an SEIS qualifying company, and would like to use the carry-back ability of SEIS to claim relief on the 2022/2023 tax-year I am currently filing my self-assessment for. Am I able to claim this 2023/2024 investment directly with the online 2022/2023 self-assessment form, under 'Subscriptions for shares under the Seed Enterprise Investment Scheme:' in the 'Other tax reliefs and deductions' section, as if the investment occured in 2022/2023, or are carry-backs treated differently? Thank you, Ryan

Hi ryan782,

You can claim it in 2023 and give full details of the investment at the additional information details box.
You will also need to send in the actual certificate as evidence for the details to be correctly noted.

Thank you.

 

Ok, Thank you.

Hi, I have a similar question on this subject. I'm currently completing my Online Self Assessment for 2022/23 but wish to carry back relief for a SEIS investment to the previous tax year (2021/22) but can't see how I can carry this SEIS back to the previous year using the online form(s). I've researched online but cant see that answer so would appreciate your advice.

Hi
You cannot do this in the return and will need to submit the cerificate show the year in which the claim is to be made.

Hi Similar question, and just want to make absolutely sure of the carry back relief: I am about to do my self-assessment for the year 2022-23 (year ending 31st March 2023). In September 2023, I made an investment in an SEIS qualifying company. Would I be able to claim relief against the tax I paid in 2022-23 - in the self assessment I am about to do now? Many thanks

Hi,

The general rule is that the relief is available for the tax year in which the shares are issued. However, it’s possible to treat some or all of the shares as issued in the previous year and claim relief in that previous year, subject to the £100,000 maximum relief limit for the year. You will find the date of issue of your shares recorded on form SEIS3.

If you want to make use of this option enter on your tax return the amount which you want to claim for in tax year 2022 to 2023, including any amounts invested in tax year 2023 to 2024 for which you already hold a valid SEIS3 and which you want to have relieved in tax year 2022 to 2023, remember, the maximum you can claim in total for tax year 2022 to 2023 is £100,000.

Thank you.