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Michael2074

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Post by Michael2074 » Fri Jan 29, 2010 1:35 pm
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My parents no nothing about ebay but have some stuff to sell.

I said i would help them out but the paypal payments would then go into my account, which i guess would/could be seen as an income when it is not.

Will this create problems for me?

Thanks.

Mike
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kentmikey

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Post by kentmikey » Fri Jan 29, 2010 1:37 pm
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Hi Mike

Could you not set up a paypal account for your parents and connect it to your ebay account?

Mikey
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Michael Peoples

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Post by Michael Peoples » Fri Jan 29, 2010 1:39 pm
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I doubt if your IP would be bothered about your PayPal account anyway. You may need to be careful if you operate a business via Ebay and ensure you do not end up paying tax on the money.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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kallis3

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Post by kallis3 » Fri Jan 29, 2010 11:13 pm
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I have a Paypal account into which payments go when I have sold anything, and I use that to fund my spending on there. As long as it's not a business, as Michael says, then if you choose to sell your unwanted belongings, it's not a problem.

I've never declared my account at all.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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MelanieGiles

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Post by MelanieGiles » Sat Jan 30, 2010 12:04 am
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No problem at all - just explain the truth to your IP if this is ever questioned (which I doubt it will be) and all will be well.
Regards, Melanie Giles, Insolvency Practitioner
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