It's best to let IP know ( just to keep him / her in the loop as insurance, tax , fuel costs might be affected) But a gift ( even a car ... but not of any significant amount of money) should be yours to keep. Having said that, if someone gives you an Astom Martin Vanquish, you might be expected to sell that !!!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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. http://kallis3.blogs.iva.co.uk