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Tag: House

A big tax break could be yours, just by renting out a room in your house or apartment

A big tax break could be yours, just by renting out a room in your house or apartment

Finance
If you've been following tax news at all, you've probably heard about the new 20 percent break for "pass-through" businesses. Perhaps you've wondered: How can I get in?Starting a business, however — yes, even if it's just a "side hustle" — can seem like a time-consuming and complicated endeavor. But there's a relatively painless way: Rent out a spare room of your house or apartment. Landlords of all stripes could be eligible for this deduction. "If you have the housing, you're taking advantage of assets you already have to get into a business," said Mark Luscombe, principal federal tax analyst at Wolters Kluwer Tax & Accounting.Pass-through entities are businesses that don't pay the corporate income tax. Instead, the profits are passed through to the business owner, who reports that in
Soho House has new home with $2bn New York float

Soho House has new home with $2bn New York float

Business
Soho House, one of the world's biggest networks of private members' clubs, is plotting a flotation in New York‎ that will value the company at about $ 2bn (£1.4bn).Sky News can reveal that UK-based Soho House, which opened its original venue in central London in 1995, is drawing up plans for the listing, with an announcement expected around the middle of this year.The Wall Street investment banks Goldman Sachs and JPMorgan have been hired to oversee the initial public offering, which ‎is likely to involve raising hundreds of millions of dollars to fund its ongoing international expansion.A move to go public will bring even greater attention to a hospitality group which already attracts huge media focus because of its star-studded membership base and parties.Soho House, which was founded by
UK house price growth slowed in 2017, says Halifax

UK house price growth slowed in 2017, says Halifax

Business
House prices grew much more slowly in 2017 than in the previous year, the UK's largest mortgage lender has reported. The Halifax said prices rose by 2.7% in 2017 - compared with a 6.5% increase in 2016. On a calendar year basis, that is the lowest rise since 2012.The slowdown was driven by a squeeze on real wage growth and continuing uncertainty over the economy, it said. At the end of the year the average house price across the UK was £225,021.The Halifax research echoes last week's figures from the Nationwide, which suggested prices rose by 2.6% in 2017.During the month of December, the Halifax said that prices actually fell by 0.6%, the first monthly decline since June last year.Biggest house price rises for 2017 revealedLondon's most affordable commuter townsHowever, the Halifax still
House of Fraser aims to cut store rents

House of Fraser aims to cut store rents

Business
The House of Fraser department store chain has confirmed that it is seeking to reduce rents on some of its stores.The retailer confirmed that it had written to some landlords asking for their "support".The move, first reported by Sky News, suggests that it could be struggling after a tough Christmas for retailers.House of Fraser, which is due to reveal its Christmas trading figures next week, closed stores in Leicester and Aylesbury, Buckinghamshire, last year.Rival chain Debenhams issued a profit warning this week after reporting disappointing Christmas trading.It said like-for-like sales in the UK fell 2.6% for the 17 weeks to 30 December amid a "volatile and competitive" market.A House of Fraser spokesperson said: "We can confirm that we have contacted some of our landlords asking for t...