Meg,

Thank you very much for the elaborate response to my query.

You are right I am still trying to do my first project. Every time I do feasibility something or the other does not add up and my first project is still waiting to see light of the day.

But I am not complaining as the property market has not moved & I am learning more with every passing day about different aspects of property developments.

But I am committed to break the ground, I am thinking outside the box this time I have some friends who wish to develop a LMR property into a three town house property.

My friends are renting at the moment and I will help them monetarily to get this project off the ground.

I would like to know would they pay stamp duty twice, as in first to acquire the initial property and then to register individual unit in their names?

Will they pay GST ? Would you advise ?

Regards

Peter

Thanks for that.

I will check this out thanks again

Cheers

Peter

Thanks for all the replies,

As suggested by illuminati I need to have water tight documentation, like design, quantity estimation etc. The other side of story is to get a relative involved through a trutee and let them employ me to construct their property.

I will kepp you guys posted with the developments, over the weekend I am going to have word with my relative who I think should not have a problem.

regards

Peter