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Chapter BIM40530

Document Cited authorities 1 Cited in Related
Vincent
Published date22 November 2013
Record NumberBIM40530
CourtHM Revenue & Customs
IssuerHM Revenue & Customs

S782B Income Tax (Trading and Other Income) Act 2005, S263AZA Taxation of Chargeable Gains Act 1992

With effect from tax year 2007-08, no Income Tax arises in respect of the receipt by an individual of a renewables obligation certificate (ROC) and no chargeable gain accrues to an individual on a disposal of a renewables obligation certificate where:

  1. the individual receives the certificate in connection with the generation of electricity by a microgeneration system,
  2. the system is installed at or near domestic premises occupied by the individual, and
  3. the individual intends that the amount of electricity generated by the microgeneration system will not significantly exceed the amount of electricity consumed in those premises.

For the purpose of this exemption ‘domestic premises’ and ‘microgeneration system’ have the same meaning as at...

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