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Step rent is where you take the rental expense over the life of the leased asset and you amortize on a straight line basis. For example, if you are paying 10,000 a year for 20 years and then the rent goes up to 20,000 for another 20 years, then with straightlining that expense your rent expense would be 15,000 (600,000 total rent/480 months (12 months * 40 years). You incur additional expense the first 20 years and then the next 20 years you have the offset. After 40 years the expense is the same.

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14y ago

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Your father remarried and he and his new wife adopted a baby girl Is that child a half sister or step sister. Also if you rent her a room can she legally claim housing benefit to pay the rent?

The adopted baby girl is your step-sister, as she is the child of your father's new wife but not biologically related to you. As for housing benefit, generally, if you rent a room to your step-sister, she may not be able to claim housing benefit to cover the rent because typically, housing benefit is not available for renting from close relatives, including step-siblings. It's best to consult local regulations for specific eligibility criteria.


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