1.0Legend Fusions UKhttps://legendfusions.com/ukFaizanhttps://legendfusions.com/uk/author/faizan/rich600338<blockquote class="wp-embedded-content" data-secret="G0NI1EOnVC"><a href="https://legendfusions.com/uk/eis-seis/">EIS SEIS</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://legendfusions.com/uk/eis-seis/embed/#?secret=G0NI1EOnVC" width="600" height="338" title="“EIS SEIS” — Legend Fusions UK" data-secret="G0NI1EOnVC" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://legendfusions.com/uk/wp-includes/js/wp-embed.min.js </script> EIS and SEIS Tax Relief Advice in the UK SEIS and EIS relief is not lost at the point of HMRC enquiry. It is lost months earlier when share structure, timing, or compliance sequencing are misjudged. Legend Fusions helps founders secure Advance Assurance and investors protect their relief. Our team has guided startups to life sciences companies through the entire SEIS/EIS lifecycle. We assess SEIS eligibility rules, calculate EIS loss relief where applicable, and structure the position before capital is deployed, so your relief is secured from day one, not defended later. UK-based SEIS & EIS structuring Relief positioned against HMRC interpretation risk Compliance managed even after submission Book a Capital Review Do you need to file What we handle How it works Reviews FAQs Legend Fusions is the UK advisory brand evolved from Legend Financial & Tax Advisers, unifying tax, compliance, and advisory services under one international group. Serving clients in London, Bolton, Milton Keynes and throughout the UK.   Why SEIS and EIS Relief Fails An EIS or SEIS investment is meant to reward risk. You put capital into an early-stage company. In return, HMRC offers income tax relief, CGT exemptions, and loss protection. But relief is only secure if the structure holds. We review positions where it did not. Capital deployed outside qualifying time limits Share rights breaching EIS/SEIS requirements Risk-to-capital condition not satisfied Gross asset or employee thresholds exceeded Connected party status triggered Trade activity entering excluded sectors Incorrect income tax or capital gains tax claims Disposal within the 3-year holding period Late or defective compliance statements HMRC does not warn you before withdrawing relief. They simply review, reject, and recover.   Request an EIS/SEIS Review We identify exposure before HMRC does. 5 Common and Costly Mistakes to Avoid HMRC relief is withdrawn for non-compliance, not bad intentions. Avoid these common pitfalls: Claiming relief too early: You must wait until you have received the official EIS3/SEIS3 certificate from the company. Selling shares too soon: Disposing of the shares within the three-year holding period triggers a full clawback of the relief. Breaching company limits: The company must not exceed HMRC’s gross asset or employee thresholds at the time of investment. Inadvertent connected party status: If you’re connected to the company (e.g., a director or employee), you may be excluded from relief. Company moving into an excluded trade: If the company’s trading activity drifts into something HMRC deems ineligible (e.g., property development), relief can be lost.     How Legend Fusions Structures EIS & SEIS Engagements We assess how capital was introduced, how shares were structured, and whether relief conditions were met before HMRC reviews the position. Ownership structure, share class rights, and compliance sequencing determine whether relief is secured or withdrawn.  For investors: Confirm investment date and EIS3 or SEIS3 certificate issuance Verify connected party status (director, employee, or relative) Calculate income tax relief at 30% (EIS) or 50% (SEIS) Review CGT deferral relief and carry-back eligibility Apply available loss relief if the company fails For founders: Review share class rights against HMRC scheme conditions Confirm gross assets do not exceed £15 million pre-investment (EIS) Verify employee count under 250 (EIS) or 25 (SEIS) Assess trading activity against excluded sector rules Prepare Advance Assurance applications before fundraising Structure capital deployment within qualifying expenditure windows For finance teams and advisors: Review compliance statements before HMRC submission Verify investor certificates are issued correctly and on time Monitor ongoing compliance during the three-year holding period Respond to HMRC enquiries where relief is challenged Request a SEIS/EIS Structuring Review This Service is for: Investors Higher-rate taxpayers who have made an investment and need to correctly claim their relief. Founders & Directors Early-stage companies raising capital who require Advance Assurance from HMRC to attract investors. Finance Teams & Advisors Professionals managing compliance statements, investor certificates, and portfolio oversight. What This Engagement Covers This engagement reviews how capital is introduced, structured and deployed under SEIS and EIS so relief positions are secured before submission and monitored after issue. ✓ Trade qualification and excluded activity assessment✓ Risk-to-capital condition review✓ Advance assurance positioning and documentation review✓ Share class rights and subscription term confirmation✓ Capital deployment mapped to qualifying expenditure windows✓ Compliance statement preparation and submission timing✓ Income tax relief and capital gains tax deferral review✓ Post-issue monitoring during the three-year holding period✓ HMRC enquiry response where relief is challenged The work focuses on statutory compliance, sequencing accuracy and relief protection under active HMRC interpretation.    years experience + 13+ years advising on complex SEIS and EIS structuring, supporting over £75M in qualifying raises, including HMRC advance assurance submissions, compliance reviews and enquiry defence across UK tax positions. Our Process: From Investment to Secured Relief We provide end-to-end support to ensure your position is compliant from day one. Review We examine your investment documents, share subscription, and any existing Advance Assurance against HMRC’s current rules. Assess We verify the company’s eligibility i.e. trade test, gross assets, employee limit, and connected person rules. Calculate We model your available relief, including income tax, CGT deferral, and potential loss relief, and advise on carry-back opportunities. File We support you in making the formal claim via Self Assessment or prepare the company’s compliance statement for HMRC. Monitor We provide ongoing oversight during the three-year holding period to flag any activities that could jeopardise your relief. Scope of This Engagement This engagement covers SEIS and EIS structuring, advance assurance positioning, compliance statement preparation and HMRC enquiry handling. It does not include investment selection, valuation advice, or regulated financial advice under FCA permissions. What Our Clients Say “We were about to issue shares when a structuring issue was flagged that would have affected investor relief. It was resolved before the raise progressed.” Founder, London “I wanted clarity before claiming EIS relief. My position was reviewed properly and explained in plain terms before anything was submitted.” Private Investor, Manchester “Advance assurance and compliance were handled without unnecessary back-and-forth. Everything was positioned correctly from the outset.” Finance Director, UK Related Tax & Advisory Services HMRC Taxhttps://legendfusions.com/uk/wp-content/uploads/2026/03/cooperation-2-1.png6464