SEIS loss relief

[nickjc]

Query regarding tax efficiency of investing in a SEIS fund (i.e. a fund including 10 or so individual startups, rather than a single company).
This structure is able to take advantage of the SEIS tax savings (50% income tax, capital gains tax relief, and loss relief in event of company failure).
How does loss relief work if a fund includes multiple companies - are you able to have the best of both worlds i.e. claim proportionate loss relief for companies that fail, and take profits for companies that are successful? If not, how do you deal with successful companies that bear fruit after you have already claimed loss relief for ones failing earlier in the timeline?

[nickjc]

To help those who also didnt know.... I now have the answer (from the fund team). Each company invested in the fund is treated separately, with their own tax certification. Potentially, you could lose and claim loss relief on 19/20 of the companies if they all go bust, and also make an overall profit if one company exits at 10x initial value