Limited company account for mortgage

3conheo

Hello

A bit confused so would appreciate some advise can someone please explain the follonwing:

We define gross annual income as the applicant's share of net profit (before dividends) of the company together with salary taken. The salary must have been deducted before arriving at net profit.


My company net profit is 64k me and my wife is 50/50 sharedholder
20k dividend each and 7k salary
Is it based on net profit or yearly taking?

Thrugelmir

Net profit. Probably taken as an average of 3 years results.

3conheo

Thanks net profit was not far from each other over two years coventry only wanted to know two years