sean1452

Hi HMRC Admin, I am interested to know whether SEIS and EIS relief have an impact on "adjusted net income". The link you've provided says that certain reliefs are deducted from the total taxable income as part of the calculation, but it doesn't list SEIS and EIS specifically. Example. Total taxable income 105,000 SEIS investment 20,000 (50% tax relief = 10,000) Would this result in an adjusted net income of 95,000 or 105,000? Thank you. <<< What adjusted net income is Adjusted net income is total taxable income before any Personal Allowances and less certain tax reliefs, for example: trading losses donations made to charities through Gift Aid - take off the ‘grossed-up’ amount pension contributions paid gross (before tax relief) pension contributions where your pension provider has already given you tax relief at the basic rate - take off the ‘grossed-up’ amount >>>