tax rebate

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s79

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Post by s79 » Sun Mar 30, 2008 7:27 pm
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If you get a tax rebate do you have to pay it all into your IVA or is it classed as overtime and you only pay 50%.
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MelanieGiles

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Post by MelanieGiles » Sun Mar 30, 2008 8:29 pm
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A tax rebate will be deemed to be a windfall and will therefore be dealt with under those provisions of your IVA.
Regards, Melanie Giles, Insolvency Practitioner
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s79

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Post by s79 » Mon Mar 31, 2008 11:24 pm
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my IVA states that any windfall over £500 has to be given to the IVA. My tax rebate was £595. Do i pay all of that or just the amount over the £500.
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MelanieGiles

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Post by MelanieGiles » Mon Mar 31, 2008 11:26 pm
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£95 will be sufficient, but I suggest you put the £500 away as a buffer for a rainy day.
Regards, Melanie Giles, Insolvency Practitioner
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s79

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Post by s79 » Tue Apr 01, 2008 12:12 am
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Thank you
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