Part VII Other property, businesses, investments etc.
Miscellaneous reliefs and exemptions
263AZAF1Renewables obligation certificates for domestic microgeneration
1
A gain accruing to an individual on a disposal of a renewables obligation certificate is not a chargeable gain if—
a
the individual acquired the certificate in connection with the generation of electricity by a microgeneration system,
b
the system is installed at or near domestic premises occupied by the individual, and
c
the individual intends that the amount of electricity generated by it will not significantly exceed the amount of electricity consumed in those premises.
2
In subsection (1)—
“domestic premises” means premises used wholly or mainly as a separate private dwelling,
“microgeneration system” has the same meaning as in section 4 of the Climate Change and Sustainable Energy Act 2006, and
“renewables obligation certificate” means a certificate issued under section 32B of the Electricity Act 1989 or Article 54 of the Energy (Northern Ireland) Order 2003.