Income Tax (Trading and Other Income) Act 2005 (c. 5)

Part 6 U.K. Exempt income

Chapter 9 U.K. Other income

Other U.K.

782A Domestic microgeneration U.K.

(1) No liability to income tax arises in respect of income arising to an individual from the sale of electricity generated by a microgeneration system if—

(a) the system is installed at or near domestic premises occupied by the individual, and

(b) 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, and

• [F1 “microgeneration system” has the same meaning as in section 263AZA of the Taxation of Chargeable Gains Act 1992.]

Textual Amendments

F1 Words in s. 782A(2) substituted (26.5.2015) by Deregulation Act 2015 (c. 20), ss. 57(3)(b), 115(3)(e)