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Being a bit of an investor/tech-Luddite, and despite a bit googling, I don't really get the whole SEIS money back thing. Can you give us a tl:dr version of how it works. Do we just fill in a form and get 50% back? If so that's great, I'm going to suggest it to the Hippodrome management next time I lose at baccarat.
I'm not totally sure on this either... Seedrs will advise.
But... my understanding is along the lines of: Relief (taxman giving you adjustment to your personal tax liability) for up to 50% of the investment can be claimed upon once you got the original SEIS3, and then a further relief of something up to 22% of the investment can be claimed if (when in our case) things go South.
The SEIS3 form should be filled in and posted to the taxman and declared in your self-assessment. You should have an accountant verify this process... I am merely repeating what others have said elsewhere.
Not sure what forms are issued once the company is wound up, but that's why we have an administrator and Seedrs.
Basically... I think the above is the case, but you will get proper info from Seedrs in due time.
I notified Seedrs yesterday, and will be putting out a statement to investors later today but this conversation already gives way more detail and thought than the statement will contain as that is barely going to be a side of A4, a summary of the decision and what happens next.
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Velocio
@Philbythesea
I didn't notice any of this until I saw the fire sale ad in the classifieds. I should pay attention more...
Being a bit of an investor/tech-Luddite, and despite a bit googling, I don't really get the whole SEIS money back thing. Can you give us a tl:dr version of how it works. Do we just fill in a form and get 50% back? If so that's great, I'm going to suggest it to the Hippodrome management next time I lose at baccarat.
Good luck with the next step...