Gift or windfall?

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rollercoasterride

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Post by rollercoasterride » Fri Apr 11, 2008 5:44 pm
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How do you differentiate between a cash gift or a windfall? I know it's a long way off yet (or maybe not!) but at christmas both our sets of parents give us cash that comes to more than the £500 allowed in IVA. Are we allowed to keep all of it or just the first £500? We don't want to tell them about IVA so wem can't say don't give us the cash this year! Or I suppose we could think of something we need instead but at the mo there is nothing.
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MelanieGiles

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Post by MelanieGiles » Fri Apr 11, 2008 5:47 pm
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A Christmas gift is not a windfall, so don't worry about that.
Regards, Melanie Giles, Insolvency Practitioner
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rollercoasterride

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Post by rollercoasterride » Fri Apr 11, 2008 8:14 pm
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Thanks for that Melanie!![:D]
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chris.g

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Post by chris.g » Fri Apr 11, 2008 8:16 pm
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Bit of good news for you RC,
xx
It's nice to be back......
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