4.4.2 Net Relevant Earnings
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Net relevant earnings (NRE) represent an individual's relevant
earnings less business expenses, including those in respect of losses
or capital allowances. Personal charges such as alimony and non-business
interest are not taken as reductions nor are personal allowances
and mortgage interest.
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For the employed, this effectively means that full Schedule E earnings
will qualify as NRE. It is unlikely that deductions will be available
to the employed - tax, national insurance contributions, for example,
would not be taken into account to reduce NRE
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