Revenue eBrief No. 256/23

13 December 2023

Exemption of Certain Profits of Microgeneration of Electricity

A new Tax and Duty Manual Part 07-01-44 provides guidance on the income tax exemption of certain profits from the microgeneration of electricity by an individual at his or her sole or main residence.

Section 216D of the Taxes Consolidation Act 1997 provides for an exemption from Case IV income tax, Universal Social Charge (USC) and Pay Related Social Insurance (PRSI) for certain profits arising to a qualifying individual from the microgeneration of electricity. For tax years 2022, 2023 and 2024 the exempt amount is €200, a qualifying individual is not required to declare such profits in an income tax return, any amount in excess of the exempt limit is required to be declared as income.