Part I The Jobseeker’s Allowance
Income and capital
I112 Income and capital: general.
1
In relation to a claim for a jobseeker’s allowance, the income and capital of a person shall be calculated or estimated in such manner as may be prescribed.
2
A person’s income in respect of a week shall be calculated in accordance with prescribed rules.
3
The rules may provide for the calculation to be made by reference to an average over a period (which need not include the week concerned).
4
Circumstances may be prescribed in which—
a
a person is treated as possessing capital or income which he does not possess;
b
capital or income which a person does possess is to be disregarded;
c
income is to be treated as capital;
d
capital is to be treated as income.