Wednesday, January 04, 2006

Sun tax

Will Peter Hain need to declare electricity sales to the National Grid from newly installed solar panels (50% funded by the taxpayer) on his house to the Inland Revenue?

If the solar panels add value to the house, the property could also move up a council tax band!

1 comment:

  1. Once the cost of installing the panels has been recouped and after depreciation and running costs are taken into account, he will be liable for tax on the income.

    ReplyDelete