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Posted: Tue Apr 19, 2011 8:42 pm
by Scott.1
i have received £300 from a relative into my bank. do i have to declare this ?
Posted: Tue Apr 19, 2011 8:43 pm
by Shining
Hi Scott, is the £300 for any particular reason? Is it a gift? x
Posted: Tue Apr 19, 2011 8:50 pm
by kallis3
If it is a gift then it shouldn't be a problem. If you have the £500 limit for a windfall then you should be ok as well.
Posted: Tue Apr 19, 2011 8:53 pm
by antm
Depends on the reason, if its inheritence? or is it to help replace a electrical item?? if in doubt ask your IP, they always know best.
Posted: Tue Apr 19, 2011 8:53 pm
by Broke of London
It's really too small to worry about (I'd have thought).
Posted: Tue Apr 19, 2011 8:55 pm
by Shining
I always err on the side of caution and run everything by my IP, I can I'm sure be a little annoying but frightened of failure which I know won't happen but I'm a born worrier me.
Posted: Tue Apr 19, 2011 9:01 pm
by kallis3
Personally, I don't think there will be a problem. My parents gave me money towards a new laptop at the end of last year and I didn't declare it at all.
Posted: Tue Apr 19, 2011 9:07 pm
by Vignal
Just a quick question, what if you are given a gift cash and there is no way of any creditor finding out about it? Surely you dont have to declare it because they will never know if it isnt documented in bank statements??
Posted: Tue Apr 19, 2011 9:10 pm
by Shining
It may not be documented vignal but it's always best to be honest as these things have a tendency to come back and bite you when you're least expecting it.
Posted: Tue Apr 19, 2011 9:17 pm
by Vignal
ok thanks lesley, it's just that i usually get a few hundred pounds cash as presents for birthdays and christmas!
Posted: Tue Apr 19, 2011 9:19 pm
by Shining
Birthday presents aren't a problem Vignal, I'm asking for money this year for Hubby's birthday (Nov), for both of us for Christmas and my birthday in Jan (50th) as I would dearly love to go away. x
Posted: Tue Apr 19, 2011 9:24 pm
by kallis3
We always have cash from my parents for Christmas and Birthdays, especially as both of ours are close to Christmas.
Posted: Tue Apr 19, 2011 9:29 pm
by Vignal
Well it's my 26th in 4 weeks and I will be asking for cash so I can go shopping for summer clothes! Will I have to declare this even though my proposal hasnt been drafted yet? My file was referred to my IP today!
Posted: Tue Apr 19, 2011 9:30 pm
by Shining
No you won't have to declare you birthday money. Enjoy your summer clothes shopping x
Posted: Tue Apr 19, 2011 9:31 pm
by kallis3
No worries at all Vignal!