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.
DEFINITION of 'Provisional Income'. The level of income that is used to determine whether a taxpayer is liable for tax on his or her Social Security benefits, and by how much. Provisional income is calculated by making certain adjustments to the taxpayer's gross income.The formula for determining provisional income is as follows:rovisional income = gross income + tax-free interest + 50% of Social Security benefits + any tax-free fringe benefits and exclusions-adjustments to income (except for the student loan deduction, tuition and fees deduction or domestic production-activities deduction). Next Up.