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Informing IP of a gift?
Posted: Sun Nov 17, 2019 3:29 pm
by jean821
Good morning. The worst thing has happened - my boiler has broken down. A relative has offered to help buy me a new one and will transfer money into my account to do so. Is this allowed when in an IVA? Should I ask my IP for permission before I accept their very kind offer? Thank you in advance for your advice.
Re: <t>Informing IP of a gift?</t>
Posted: Sun Nov 17, 2019 4:16 pm
by kallis3
How much is the gift worth? If it's under £500 you should be ok. Alternatively you could ask for a payment break to fund the new boiler.
Re: <t>Informing IP of a gift?</t>
Posted: Sun Nov 17, 2019 5:18 pm
by Foggy
I would ask the relative if he or she could pay the boiler company direct, then there would be no need to explain any unusual activity on your bank statements.
Re: <t>Informing IP of a gift?</t>
Posted: Sun Nov 17, 2019 8:05 pm
by luluj
Agree with foggy - however at worst, get your friend to write a letter explaining the money is a gift for sole purpose of a new boiler, and not available for anything else. Then if questioned you have it ready to show.