Questions and answers
If the reference person is a self-employed person and runs a sole proprietorship, the operating profit or taxable income is reckoned as income. When UNE considers whether it is likely that the requirement for future income will be met, we look at documents such as the most recent tax returns, last year’s income statement, updated information about income and expenses, and statements from authorised accountants.
If the reference person has income from a limited liability company, documentation must be provided that a salary has been drawn from the company. When UNE considers whether it is likely that the requirement for future income will be met, we look at documents such as the most recent tax returns, accounts, bank statements, VAT returns and statements from an authorised accountant.
Yes, it can be reckoned as income. You must document such income in the form of a lease, account transfers and, if relevant, a deposit account. Rental income that is taxable must be documented in the form of tax settlements that show that the income has been reported to the tax authorities. If the rental income is tax exempt, this must be documented.
Yes, the fact that a new year has begun may have a bearing on our assessment of previous income. If UNE has access to the tax authorities’ information about last year’s income, we will use this in our assessment.
If the reference person has income that has not yet been reported and confirmed by the tax authorities, we will base our assessment on the income from the year before that. This could apply to some self-employed persons.