{
  "url": "https://openlegislation.uk/finance-act-2013/section-57",
  "json_url": "https://openlegislation.uk/finance-act-2013/section-57.json",
  "legislation": "ukpga/2013/29",
  "legislation_title": "Finance Act 2013",
  "legislation_url": "https://openlegislation.uk/finance-act-2013",
  "path": "section/57",
  "kind": "section",
  "number": "57",
  "heading": "SEIS: re-investment relief",
  "text": "(1) Schedule 5BB to TCGA 1992 (seed enterprise investment scheme: re-investment) is amended as follows.\n(2) In paragraph 1 (SEIS re-investment relief)—\n(a) in sub-paragraph (2)—\n(i) in paragraph (a), after “the tax year 2012-13” insert “ or the tax year 2013-14 (the year in question being referred to in this Schedule as “the relevant year”) ”, and\n(ii) in paragraph (b), for “that year” substitute “ the relevant year ”,\n(b) in sub-paragraph (3)(a), for “tax year 2012-13” substitute “ relevant year ”, and\n(c) for sub-paragraph (5) substitute—\n(5) The relevant percentage of the available SEIS expenditure is to be set against a corresponding amount of the original gain.\n(5A) In sub-paragraph (5)—\n“the available SEIS expenditure” means so much of the SEIS expenditure as—\nis specified in the claim,\nis unused, and\ndoes not exceed so much of the original gain as is unmatched;\n“the relevant percentage” means—\nif the relevant year is the tax year 2012-13, 100%, and\nif the relevant year is the tax year 2013-14, 50%.\n(3) In paragraph 2 (restrictions on relief under paragraph 1)—\n(a) in sub-paragraph (1), for “tax year 2012-13” substitute “ relevant year ”, and\n(b) in sub-paragraph (2)—\n(i) for “tax year 2012-13” substitute “ relevant year ”, and\n(ii) for “that tax year” substitute “ that year ”.\n(4) In paragraph 5 (removal or reduction of relief) in sub-paragraph (2) for “2012-13” substitute “ in which the shares were issued ”.\n(5) Accordingly, in section 150G of TCGA (which introduces Schedule 5BB), for “tax year 2012-13” substitute “ tax years 2012-13 and 2013-14 ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2013/29/section/57",
    "retrieved_at": "2026-10-28T17:02:16.948797+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}