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.
Gross Income Test. To meet this test, a person's gross income for the year must be less than $3,950. 1  Gross income is all income in the form of money, property, and services that is not exempt from tax.  Tax-exempt income, such as certain social security benefits, is not included in gross income.