income from self-employment

Show Summary Details

Quick Reference

Income of individuals derived from carrying out unincorporated businesses, as sole traders or partners. This is a combination of wages for their own or their family's work, and a return on the capital employed in the business. It can be measured inclusive or exclusive of any imputed income, such as the services of an owner-occupied farmhouse or a flat over a shop. It can also be measured gross or net of depreciation allowances on the capital equipment employed.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.