Section 22: Assessable income.

(1) The assessable income of a taxpayer for a year of assessment is the sum of – a) employment income; b) business income; c) property income., and d) any other income or gain, but does not include amounts exempt from income tax. (2) For the purposes of subsection (1), "employment income", ''business income" and “property income" each has the meaning respectively assigned thereto by sections 23, 24 and 25.