Ab initio quantum chemical calculations (MPt/4-31G**) were performed for the dihydrogen elimination reaction from protonated formaldehyde. The energy difference between reactants and products and the activation energies were found to be in good agreement with the corresponding experimental quantities. Theoretical rate vs. energy curves were computed for a series of isotopic variants of the reaction using the Rice-Ramsperger-Kassel-Marcus (RRKM) method. The vibrational frequencies used in these calculations were taken from the 4-31G** geometryoptimized transition state and reactant structures. Quantum mechanical tunnelling was introduced to explain the existence of metastable CH,OH ions, and a negative kinetic shift of about 0.1 eV was found. The intramolecular kinetic isotope effect for loss of HHWD and D H P D was calculated and compared with the experimental data. The result is consistent wiih the assumption that the average internal energy of metastable [CH,OHI + ions is very close to the critical energy for H, loss.