Do I need to declare??

7 posts Page 1 of 1
Post Reply
 
 

gracey84

User avatar
Posts: 30
Joined: Fri Feb 08, 2008 8:34 am
Location: United Kingdom
Post by gracey84 » Fri Apr 18, 2008 11:31 am
Quote
I've really been struggling the last few weeks after paying my IVA. Theres no way i'm going to fail to make full payments on my IVA so i've been selling things on Ebay. Obviously those funds are then transferred into my bank account. Would I need to treat this as a windfull and pay 50% into my IVA account? If thats the case then it not really worth selling my things.
Top
 
 

sblack

User avatar
Posts: 304
Joined: Mon Jan 07, 2008 2:12 pm
Location:
Post by sblack » Fri Apr 18, 2008 11:41 am
Quote
Hi, What kind of value are you talking about?
"Life is too short to wake up in the morning with regrets. So love the people who treat you right, forget about the ones who don’t and believe that everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said that it’d be easy, they just promised it would be worth it."
Top
 
 

gracey84

User avatar
Posts: 30
Joined: Fri Feb 08, 2008 8:34 am
Location: United Kingdom
Post by gracey84 » Fri Apr 18, 2008 11:46 am
Quote
1 cheque for £10 and one for £25
Top
 
 

sblack

User avatar
Posts: 304
Joined: Mon Jan 07, 2008 2:12 pm
Location:
Post by sblack » Fri Apr 18, 2008 11:48 am
Quote
Hi,
No you will not need to declare these small amounts.
What does is say on your chairmans report about windfalls etc?.
"Life is too short to wake up in the morning with regrets. So love the people who treat you right, forget about the ones who don’t and believe that everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said that it’d be easy, they just promised it would be worth it."
Top
 
 

gracey84

User avatar
Posts: 30
Joined: Fri Feb 08, 2008 8:34 am
Location: United Kingdom
Post by gracey84 » Fri Apr 18, 2008 11:49 am
Quote
It just says that 50% of any additional income and any windfalls need to be declared.

Not expecting any of those anytime soon....!
Top
 
 

sblack

User avatar
Posts: 304
Joined: Mon Jan 07, 2008 2:12 pm
Location:
Post by sblack » Fri Apr 18, 2008 11:57 am
Quote
These low amounts are not classed as windfalls. As long as you are just selling some low value private goods and not buying to sell then you should be fine.
Last edited by sblack on Fri Apr 18, 2008 12:03 pm, edited 1 time in total.
"Life is too short to wake up in the morning with regrets. So love the people who treat you right, forget about the ones who don’t and believe that everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said that it’d be easy, they just promised it would be worth it."
Top
 
 

emma_t

User avatar
Posts: 1833
Joined: Sat Sep 01, 2007 3:32 pm
Location: United Kingdom
Post by emma_t » Fri Apr 18, 2008 1:49 pm
Quote
Nothing at all to worry about gracey.

As long as it just bits and bobs you are selling and not something of significant value and you ae not buying goods to then sell on on ebay.

I have put a few things on myself which I no longer need[:)]

Happy selling[:)]
Be positive & look after yourself, there are more important things in life than debts....

Best Wishes

Emma x
Top
Post Reply
7 posts Page 1 of 1
Return to “postings for april”