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,

  • F2“microgeneration system” means any plant (including any equipment, apparatus or appliance) or system of plant for generating electricity or producing heat—

    1. a

      which, in generating electricity or (as the case may be) producing heat, relies wholly or mainly on a source of energy or a technology mentioned in subsection (7) of section 82 of the Energy Act 2004, and

    2. b

      whose capacity to generate electricity or (as the case may be) to produce heat does not exceed the capacity mentioned in subsection (8) of that section,

  • “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.