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 creditable withholding tax is an amount that is withheld from income payments.However, this amount is only an estimate of the income tax that should be paid.he payee is still required to file an income tax return on that particular income; however, he need only pay the difference between the estimated amount withheld and the real amount of tax due. That is why the tax is creditable â one no longer needs to pay the amount that has already been withheld.