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.
You are liable to pay income tax if you earn more than: For the 2015 year of assessment (1 March 2014 - 28 February 2015). 1  R70 700 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 R110 200.3  For taxpayers aged 75 years and older, this threshold is R123 350. R70 700 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 R110 200. 3  For taxpayers aged 75 years and older, this threshold is R123 350.