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Posted: Fri Apr 18, 2008 11:31 am
by gracey84
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.
Posted: Fri Apr 18, 2008 11:41 am
by sblack
Hi, What kind of value are you talking about?
Posted: Fri Apr 18, 2008 11:46 am
by gracey84
1 cheque for £10 and one for £25
Posted: Fri Apr 18, 2008 11:48 am
by sblack
Hi,
No you will not need to declare these small amounts.
What does is say on your chairmans report about windfalls etc?.
Posted: Fri Apr 18, 2008 11:49 am
by gracey84
It just says that 50% of any additional income and any windfalls need to be declared.
Not expecting any of those anytime soon....!
Posted: Fri Apr 18, 2008 11:57 am
by sblack
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.
Posted: Fri Apr 18, 2008 1:49 pm
by emma_t
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[:)]