Sorry to start a new topic again I keep thinking of things to ask. I'm thinking of how assets will be treated. I bought a digital camera to take photos of our new baby and a video camera last yr to record a wedding. Will we lose those? Are you allowed to keep a camera? Does it make a difference if it's bought with high street finance? Also I have some musical instruments which were actually bought by my parents but one was bought using a credit card. I occasionally I play in theatres nd weddings and i teach a little just for extra money which probably works out to be £1000 a yr. Will these be taken?
Don't be sorry about starting new topics. This is what this forum is all about!
My personal view is that these are personal assets and you should not lose them, however strictly speaking if they are non-essentials and could be sold for value then you ought to list them. If you make a living from your musical instruments, then these are classed as "tools of the trade", although you will have to declare the income you expect to earn from them.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
Assets
Posted - 16 July 2008 : 18:48:31
