GIFTED DEPOSIT MORTGAGES. A gifted deposit is a sum of money given to you by a third party as a deposit on a property. There are currently five options currently available for gifted deposit mortgages. These are available on residential and Buy-to-Let purchases.
Assessable income is the income we use to work out your payment rate. If you have a partner, we take both of your incomes into account. Examples of assessable income include: deemed income from financial investments, including money in superannuation funds if you have reached age pension age.
For the 2016 year of assessment (1 March 2015 - 29 February 2016). 1  R73 650 if you are younger than 65 years. 2  If you are 65 years of age or older, the tax threshold (i.e. the amount above which income tax becomes payable) increases to R114 800. 3  For taxpayers aged 75 years and older, this threshold is R128 500.