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.
The Internal Revenue Service outlines four types of income categories. Gross income is your total income from all sources. Assessable income is what you earn from passive activities along with your employment income. Non-taxable income is exempt from federal income taxation. Taxable income is the amount that youâre taxed on after subtracting your tax credits and deduction.