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 2015-16; 1  People with taxable income up to Â£31,785 are basic-rate taxpayers and pay tax at 20% (with Â£10,600 personal allowance, this gives a threshold of Â£42,385). 2  Those with taxable income over the limit pay tax at 40% on income above the threshold.