It is common for mortgage brokers or mortgage providers to ask for a SA302 if you are self employed or have to file a self assessment for other income (such as company dividends) as part of your mortgage application. We often get asked how to get this. There are two answers:
- If you filed your Self Assessment yourself through the HMRC system, you can get your SA302 (evidence of earnings) for the last 4 years via your HMRC Online account. You then click on the Self Assessment section, and then click on ‘more Self Assessment details’. You can then download and print the documents as necessary.
- If an accountant filed your self assessment for you, you won’t have a SA302. This is because accountants usually use commercial software to prepare and file your self assessment tax return. They will however be able to provide a Tax Computation, and this is usually provided along with the Tax Year Overview from HMRC. If your accountant is registered as your agent at HMRC for self assessment, they will be able to obtain this information for you. If they aren’t, you will have to access your Self Assessment account and obtain this information instead.
If you are planning on selling a property, it is important to also check whether there will be any taxes to pay. We’ve written another FAQ about this which you can read here.