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Company car
DoryB
Posts: 19 Forumite
Just after some advice. When applying for a mortgage should we be declaring a company car?
We have always based our salary with the deduction included. So for example basic salary is £20,000 company car brings the taxable figure up to £23,000 but I would quote £20,000 as the salary as you don't see the cash equivalent.
Is this right?
We have always based our salary with the deduction included. So for example basic salary is £20,000 company car brings the taxable figure up to £23,000 but I would quote £20,000 as the salary as you don't see the cash equivalent.
Is this right?
0
Comments
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That is rightI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Yeah it's a bit of a strange one really. Because your net income is not typical of a standard gross salary either.0
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