Definition: Gross cash profits or losses from self-employment...

Category: EU-SILC

It includes:

- net operating profit or loss accruing to working owners of, or partners in, an unincorporated enterprise, less interest on business loans,
- royalties earned on writing, inventions and so on, not included in the profit/loss of unincorporated enterprises,
- rentals from business buildings, vehicles, equipment, etc., not included in the profit/loss of unincorporated enterprises, after deduction of related costs such as interest on associated loans, repairs and maintenance and insurance charges.

It does not include:

- directors' fees earned by owners of incorporated enterprises (which are included under "Gross cash or nearcash employee income" (PY010G)),
- dividends paid by incorporated enterprises (which are included under "Interest, dividends, profits from capital investment in an unincorporated business" (HY090G)),
- profits from capital invested in an unincorporated enterprise in which the person does not work ("sleeping partners") (these profits are included under "Interest, dividends, profits from capital investment in an unincorporated business" (HY090G)),
- rent from land and receipts from boarders or lodgers (which are included under "Income from rental of a property or land" (HY040G)),
- rentals from dwellings not included in the profit/loss of unincorporated enterprises (which are included under "Income from rental of a property or land" (HY040G)). http://ec.europa.eu/eur-lex/pri/en/oj/dat/2003/l_298/l_29820031117en00010022.pdf