If you or your parent(s) or partner receives income from land, property or furnished lettings, the preferred evidence is a self assessment form or 'tax return'.
This is the most accurate evidence and quotes the actual gross 'taxable profit' which is the figure we use to calculate the bursary.
The self assessment or 'tax return' form is normally the form that's completed for HM Revenue and Customs (HMRC) tax purposes. We do not require the full profit and loss accounts.
If none of these are available, a tenancy agreement may be accepted as proof of income.
If there's a mortgage on the property, we may be able to deduct this from the income. For proof of these expenses we require either a:
- letter from the mortgage provider
- statement from the mortgage provider
You must provide a covering letter explaining why you cannot supply the preferred evidence.
We cannot tell you over the telephone if evidence will be accepted. This decision will be made by a bursary processor at the time of assessment.
If the most recent financial year's tax return is not yet available, we may be able to accept the previous year's along with a letter of explanation.