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.
Ordinary Income. Most of the income that people receive is considered ordinary income by the IRS. Some of these include wages, bonuses, business income, interest and gambling winnings. Dividends are also considered ordinary income in most situations. Capital gains -- earnings on the sale of an asset -- are not treated as ordinary income unless the asset was held for less than a year.