PART 6 N.I.CALCULATION OF CAPITAL AND INCOME

CHAPTER 2N.I.EARNED INCOME

Meaning of “earned income”N.I.

51.  “Earned income” means—

(a)the remuneration or profits derived from—

(i)employment under a contract of service or in an office, including elective office,

(ii)a trade, profession or vocation, or

(iii)any other paid work; or

(b)any income treated as earned income in accordance with this Chapter.